Michael Saylor Announces 480 Bitcoin Buy For MicroStrategy Today

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  • Michael Saylor, CEO of MicroStrategy, announced the company has purchased an additional 480 BTC for its treasury holdings.
  • The company now holds a total of 129,699 BTC with a total cost basis of $3.8 billion.
  • Saylor recently provided a list of 10 things bitcoins needs to become a stronger asset.

Michael Saylor, CEO of Bitcoin bull company MicroStrategy, announced the firm purchased an additional 480 BTC for $10 million, with an average cost of $20,817 per bitcoin.

The software analytics company now holds 129,699 BTC with a $30,664 average price – noting a $3.8 billion cost basis. However, the current bitcoin holdings in treasury for Microstrategy are valued at $2.5 billion.

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