On Friday, the incorporated and publicly listed business intelligence (BI) firm, Microstrategy announced the company has acquired an additional $10 million in bitcoin. The company’s CEO Michael Saylor revealed the latest purchase on Twitter with a link to a Form 8-K Securities and Exchange Commission (SEC) filing registered on March 5, 2021.
Microstrategy’s Bitcoin Buying Spree Continues
Microstrategy continues its bitcoin (BTC) buying spree announcing it bought an additional $10 million worth on Monday. The BI company’s CEO revealed the new acquisition on Friday, March 5, when he tweeted about the latest purchase on Twitter. “Microstrategy has purchased an additional ~205 bitcoins for ~$10.0 million in cash,” Saylor wrote. “At an average price of ~$48,888 per bitcoin,” he explained to his 598,000 Twitter followers.
Saylor added:
As of 3/5/2021, we hodl ~91,064 bitcoins acquired for ~$2.196 billion at an average price of ~$24,119 per bitcoin.
In addition to the tweet, Saylor also left a Microstrategy link that leads to a press release or scanned picture of the Form 8-K SEC filing. Of course, the Bitcoin community looked at the purchase as a positive and many people replied to Saylor’s latest announcement. “Should someone tell him the meme is ‘Stacking sats’ and not ‘Stacking 200 bitcoins?’ the popular Twitter account dubbed ‘Documenting Bitcoin’ wrote.

Story continues on Bitcoin.com

Related posts
AltcoinsBitcoinNewsNews 1Trading View

Why this Bitcoin bull is interested in Cardano?

When it comes to defending Bitcoin, Galaxy Digital founder Mike Novogratz is on par with the likes of Michael Saylor, Anthony Pompliano, and other Bitcoin bulls. In his recent tweet, the chief exec diThe post Why this Bitcoin bull is…
BitcoinBitcoin NewsbtcusdBTCUSDCBTCUSDTMarketsNewsxbtusd

A Massive BTC Buying Spree is Imitating Bitcoin’s Bull Run From 2017

The game of buying the dip is being played by the crypto-big guys: institutions are accumulating Bitcoin with full speed. Prior to the $40k price dip, the market recorded the arrival of institutional investors buying stacks of Bitcoin. Despite dropping…
1.2 billionAlex GladsteinBitcoinBitcoin (BTC)Bitcoin.comBTCCurrency InflationDouble-Digit InflationEconomicsHRFhuman rights foundationhyperinflationInflationInflation DataIranLebanonSudansyriaVenezuelaZimbabwe

1.2 Billion People Live Under Double-Digit Inflation, ‘Many Have Found Escape in Bitcoin’ Says HRF’s Alex Gladstein

While central banks are focusing on creating more stimulus and economists expect inflation in the U.S. to rise, a number of other countries are suffering from considerable inflation right now. On Monday, the chief strategy officer for the Human Rights…