Home » MicroStrategy makes good on promise to buy another 17K Bitcoin
Bitcoin News

MicroStrategy makes good on promise to buy another 17K Bitcoin

MicroStrategy makes good on promise to buy another 17K Bitcoin

MicroStrategy acquired 16,796 extra Bitcoin (BTC) for $175 million, including to its earlier buy of 21,454 BTC. Now, it owns 38,250 Bitcoin, based on its newest disclosure to the USA Securities and Alternate Fee. This occurred on the identical day that its board of administrators made the cryptocurrency its major treasury reserve asset. It was additionally indicated that the corporate might add to its Bitcoin reserves within the close to future. The corporate’s CEO, Michael J. Slayer, additionally restated the identical info in a tweet from earlier in the present day.

Grayscale’s founder, Barry Silbert, reacted to the information with a tweet of his personal, commenting on the race between the 2 firms in buying Bitcoin.

Eagle-eyed observers on Twitter famous that MicroStrategy seems to have been dollar-cost averaging at $11,111.11 per Bitcoin.

Nevertheless, Grayscale’s Bitcoin Belief is way forward within the recreation, because it at the moment holds over 400,00zero Bitcoin. MicroStrategy has some catching as much as do.


Credit score: Source link

Spread the love

Related posts

Bitcoin ‘maximalists’ accused of ‘shilling’ an SEC-cleared token

admin

Bitcoin Options Open Interest Hits Peak Hours Before Giant $1B Expiry

admin

Bitcoin Whales’ Exchange Withdrawals Hint at 5-Digit Prices in July

admin

Leave a Comment