MicroStrategy acquired 11,931 BTC, adding to a total of 226,331 BTC at an average price of $65,883 per Bitcoin.

From Investing.com: 2024-06-20 16:30:29

MicroStrategy chairman Michael Saylor announced acquiring 11,931 BTC, worth over $786 million, using notes and cash, at an average price of $65,883 per Bitcoin. This adds to their total of 226,331 BTC acquired for $8.33 billion. Despite current market dip, Saylor’s bullish stance on Bitcoin remains strong.

The recent Bitcoin purchase is MicroStrategy’s third largest, following a March acquisition of 12,000 BTC. Bitcoin’s price now stands at $64,859, down 0.18% in 24 hours. MicroStrategy’s aggressive Bitcoin investment strategy has proven successful, with its stock price rising by over 1,000% since Saylor’s initial buys in 2020.

Read more at Investing.com: Here’s How Much BTC Michael Saylor’s MicroStrategy Now Holds After Recent Buy By U.Today