Bitcoin worth hundreds of millions have been bought to avoid inflation. MicroStrategy buys more bitcoin, stock sinks as bitcoin selloff weighs Published: May 13, 2021 at 8:16 a.m. This brings its total balance sheet to 90,531 BTC, with those funds acquired at an average of $23,985 per coin. ET MicroStrategy CEO Michael Saylor commented on the purchase. MicroStrategy becomes the first listed company to buy bitcoin. But almost seven years ago its leaders were not bitcoin supporters. Watch CNBC's full interview with Saylor on Tuesday below. As of 5/18/2021, we #hodl ~92,079 bitcoins acquired for ~$2.251 billion at an average price of ~24,450 per bitcoin. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. MicroStrategy Holds 91,579 BTC. On average, MicroStrategy has paid $23,985 per Bitcoin. The company’s CEO Michael Saylor broke the news on Twitter and said that MicroStrategy purchased the asset for $52,765 per bitcoin. The move higher follows news Tuesday night from Square, which said it bought $170 million worth of the cryptocurrency. They purchased the coins for $1.086 billion, at an average purchase price of $52,087 per BTC. MicroStrategy’s path to Bitcoin The story is developing and will be updated. The latest purchase brings the company's bitcoin holdings to 70,470 — worth more than $1.6 billion. MicroStrategy’s Bitcoin holdings comprise 97% of its market cap of $4.76 billion. Its acquisition of approximately 19,452 bitcoins puts MicroStrategy's total holdings of the digital token at 90,531. The firm said it purchased 253 BTC valued at … Microstrategy (MSTR) had purchased another ~229 bitcoins for $10M in cash, at an average price of ~$43,663 per bitcoin.This brings the company's holdings to ~92,079 bitcoins… As of today, MicroStrategy now owns 92,079 Bitcoin that it has purchased for the average price of $24,450. Since his company’s first Bitcoin purchase last August, Saylor has remained incredibly bullish on his bet. With the bitcoin price dipping by more than 22% over the last week, it appears the firm saw this as an opportunity to stack more bitcoin at a relatively low price. While Bitcoin is currently going through a bearish phase, the continuous growing adoption from wall street giants indicate that Bitcoin is here to stay. Even though Bitcoin went on a sale yesterday, Michael Saylor purchased BTC for quite a lot more. As of March 5, MicroStrategy acquired 91,064 Bitcoins for almost $2.2 billion. MicroStrategy (MSTR +1.5%) adds 253 bitcoin to its stash at $59,339 per bitcoin for ~$15M in cash. The company now holds approximately 90,500 Bitcoin, and its overall Bitcoin investment is now worth $4.5 billion at current prices. Tomi Kilgore is MarketWatch's deputy investing and corporate news editor and is based in New York. Nasdaq-listed Microstrategy has purchased 29,646 more bitcoins for $650 million. The company's stock tanked over 20% Tuesday as the price of bitcoin slid. Microstrategy now holds about 91,850 bitcoins. -8.31% MicroStrategy Buys More Bitcoin – The Firm Just Invested $15 Million In BTC MicroStrategy has been boosting Bitcoin for a while now and the firm whose CEO is Michael Saylor continues to support and pump the king coin no matter what. It has spent $2.171 billion on bitcoin. We now [hold] ~ 71,079 bitcoins acquired for $1.145 billion at average price of ~ $16,109 per bitcoin,” the Company’s CEO, Michael Saylor, tweeted. See also: MicroStrategy Keeps Stacking Sats With Additional $15M Bitcoin Buy Related Stories Microstrategy Stocks Up on More Bitcoin, Buys $10 Million Worth to the Balance Sheet Microstrategy (Nasdaq: MSTR ) has stepped in and bought the dip once again. MicroStrategy has purchased an additional ~328 bitcoins for ~$15.0 million in cash at an average price of ~$45,710 per #bitcoin. Brings total bitcoin holdings to ~91,579 bitcoin at … On average, MicroStrategy has paid $23,985 per Bitcoin. MicroStrategy Buys More Bitcoin – The Firm Just Invested $15 Million In BTC MicroStrategy has been boosting Bitcoin for a while now and the firm whose CEO is Michael Saylor continues to support and pump the king coin no matter what. The purchase of 19,452 bitcoins puts the company's total holdings of the digital token at 90,531. Looking Forward to Meeting You at iFX EXPO Dubai May 2021 – Making It Happen! On Tuesday morning (ET), the firm’s chief executive officer Michael Saylor shared the announcement on Twitter as he usually does. Publicly traded business intelligence firm MicroStrategy (NASDAQ: MSTR) is making the most of the downturn in bitcoin prices as it bought another 229 BTC for $10 million in cash. And Microstrategy that often buys Bitcoin during dips was one of them. Firm not ready to pause its Bitcoin investments. MicroStrategy has purchased an additional 229 bitcoins for $10.0 million in cash at an average price of ~$43,663 per #bitcoin. MicroStrategy Acquires Additional $15 Million in Bitcoin at Average Price of $55,387 The massive fund infusion in Bitcoin comes after MicroStrategy completed $650 million of convertible notes last week. MicroStrategy has purchased an additional 229 bitcoin (BTC) for $10 million in cash, according to an announcement by CEO Michael Saylor. And Microstrategy that often buys Bitcoin during dips was one of them. MicroStrategy announced Wednesday it bought just over $1 billion worth of additional bitcoin, just days after finalizing another sale of convertible debt. The fresh batch of Bitcoins was purchased at an average price of $59,339 per Bitcoin.. The additional bitcoin now put the total amount owned by Microstrategy at 70,784. BTCUSD, Is chia worth a look? Sign up for free newsletters and get more CNBC delivered to your inbox. SPX, According to Saylor, the bitcoins were bought in cash for $15 million, including fees and other expenses. Microstrategy (Nasdaq: MSTR) has stepped in and bought the dip once again. At the time, The company's bitcoin bet appears to have paid off well so far. MicroStrategy Inc, a major corporate backer of bitcoin, has bought about 205 bitcoin for about $10 million in cash, it said on Friday, adding to its already substantial holdings of the cryptocurrency. MicroStrategy buys an additional $1 billion BTC. The company said it now holds about 91,850 bitcoins, purchased for $2.24 billion at an average price of $24,403 per bitcoin. MicroStrategy has purchased an additional 229 bitcoins for $10.0 million in cash at an average price of ~$43,663 per #bitcoin. MicroStrategy revealed its first bitcoin purchase in August, using existing cash on its balance sheet to acquire the cryptocurrency. 05, 2021 10:36 AM ET MicroStrategy Incorporated (MSTR) By: Liz Kiesche , SA News Editor 32 Comments MicroStrategy ( MSTR +1.5% ) adds 253 bitcoin … XSW, The Bitcoin purchase. Microstrategy (Nasdaq: MSTR) has stepped in and bought the dip once again. Shares of MicroStrategy were higher by more than 6% early in Wednesday's session. Based on the price of bitcoin Wednesday morning, the firm's holdings were worth nearly $4.5 billion. When Microstrategy’s $550 million cash reserve ran dry from purchasing Bitcoin, he raised a $650 million corporate bond to buy even more. Microstrategy Stocks Up on More Bitcoin, Buys $10 Million Worth to the Balance Sheet. The story is developing and will be updated. The news of MicroStrategy's purchase comes as the price of bitcoin surged back over $50,000 Wednesday, although it later dipped below that level. MicroStrategy CEO Michael Saylor has become a leading advocate for bitcoin, calling on other companies to buy the digital token as an investment. MicroStrategy Buys Another 253 Bitcoin (BTC), Edges Closer To Owning 100K BTC Business intelligence company MicroStrategy has announced that it has increased its bitcoin (BTC) holdings. Get this delivered to your inbox, and more info about our products and services. Business intelligence firm MicroStrategy has purchased 19,452 Bitcoin, worth $1.026 billion, at an average price of $52,765. On Tuesday, he told CNBC he believes bitcoin will one day have a market value of $100 trillion. The publicly traded software company has acquired an additional ~253 bitcoins for a cool $15 million in cash at an average price of ~$59,339 per Bitcoin. Even though Bitcoin went on a sale yesterday, Michael Saylor purchased BTC for quite a lot more. As of 5 April, MicroStrategy has approximately 91,579 Bitcoins which the non-crypto company bought for ~$2.226 billion at an average price of ~$24,311 per coin. MicroStrategy buys 253 additional bitcoins for $15.0 million Premium File Photo: At 6.45pm IST, bitcoin was trading flat at $57,976.64, after moving in … -0.69% Even so, MicroStrategy's stock has been on a tear since the company announced its initial bitcoin purchase in August, rising over 400%, as some investors flocked to the shares to gain exposure to the cryptocurrency. Microstrategy Stocks Up on More Bitcoin, Buys $10 Million Worth to the Balance Sheet Microstrategy (Nasdaq: MSTR ) has stepped in and bought the dip once again. The company disclosed that it spent $15.0 million to buy about 271 bitcoins on Thursday at an average price of $55,387 per bitcoin, including fees. The company has been seen as a bitcoin play, because the company has been acquiring bitcoin and said it uses bitcoin as its primary treasury asset. MicroStrategy has purchased an additional 229 bitcoins for $10.0 million in cash at an average price of ~$43,663 per #bitcoin. May 13, 2021. Microstrategy (Nasdaq: MSTR) has stepped in and bought the dip once again. Source: Instagram, Binance. The company’s CEO, Michael Saylor, recently took to Twitter to announce MicroStrategy’s latest bitcoin purchase, an addition of 253 BTC, to the company’s large bitcoin holding. MicroStrategy stock was listed at $763 in pre-market trading today and stands at $803.75 at press time. Charles Grodin, the droll, offbeat actor and writer who scored as a caddish newlywed in “The Heartbreak Kid” and later had roles ranging from Robert De Niro’s counterpart in the comic thriller “Midnight Run” to the bedeviled father in the “Beethoven” comedies, has died. Copyright © 2021 MarketWatch, Inc. All rights reserved. On Aug. 11, the company purchased 21,454 bitcoins for an aggregate price of … MicroStrategy has been breaking the mold in the bitcoin space over the past few months. As Bitcoin corrected over 5.5% in a marketwide correction, MicroStrategy director Michael Saylor announces the purchase of an additional 29,646 Bitcoins (BTC) for an aggregate price of $650 million. It was selling for $55,387 when Microstrategy added … As of 24 February, the firm holds about 90,531 Bitcoins to date, making it […] With the bitcoin price dipping by more than 22% over the last week, it appears the firm saw this as an opportunity to stack more bitcoin at a relatively low price. Further increasing their Bitcoin holdings, publicly traded company MicroStrategy has now acquired an additional 19,452 Bitcoins worth about $1.026 billion. MicroStrategy Buys the Bitcoin Dip. Microstrategy Stocks Up on More Bitcoin, Buys $10 Million Worth to the Balance Sheet. As of 5/18/2021, we #hodl ~92,079 bitcoins … As of Wednesday, bitcoin has a total market cap of roughly $920.85 billion, according to Coindesk. Nasdaq-listed Microstrategy has bought the dip and purchased $15 million more bitcoins, taking advantage of the falling price for the cryptocurrency after Tesla CEO Elon Musk revealed that his company has suspended accepting bitcoin for payment. This February, the company raised another $1.05 billion in a bonds-for-Bitcoin offering. MicroStrategy said the average purchase price of all its bitcoin purchases is $23,985 per digital token. MicroStrategy has been breaking the mold in the bitcoin space over the past few months. MicroStrategy has announced that it has purchased an additional $15 million worth of Bitcoin at an average price of $55,387. © 2021 CNBC LLC. US-listed MicroStrategy (NASDAQ: MSTR), the business intelligence company that is making headlines for its Bitcoin investments, announced on Monday that it has purchased around 253 Bitcoins for $15 million in cash.. MicroStrategy has purchased an additional 229 bitcoins for $10.0 million in cash at an average price of ~$43,663 per #bitcoin. A new cryptocurrency claims to be an eco-friendly Bitcoin alternative. has slipped 2.6% and the S&P 500 MicroStrategy announced it has bought just over $1 billion worth of bitcoin. The firm said it purchased 253 BTC valued at $15 million, including other expenses. MicroStrategy Buys Another $15 Million of Bitcoin, Unrealized BTC Profits up 100% to $2.3 Billion Reading Time: 2 minutes by Dalmas Ngetich on March 1, 2021 Bitcoin The CEO of MicroStrategy–the business intelligence platform listed at NASDAQ, Michael Saylor, has confirmed that the firm bought an additional 328 BTC for roughly $15 million in cash. -2.80% Chief Executive Elon Musk surprised investors when he said the electric vehicle maker has suspended vehicle purchases using bitcoin. TYSONS CORNER, Va.--(BUSINESS WIRE)--Dec. 21, 2020-- MicroStrategy® Incorporated (Nasdaq: MSTR) (the “Company”), the largest independent publicly-traded business intelligence company, today announced that it had purchased an additional approximately 29,646 bitcoins for approximately $650.0 million in … As Bitcoin and other cryptocurrencies crash, this one is up more than 95%. MicroStrategy, the software intelligence firm turned Bitcoin standard bearer, has accumulated 229 bitcoin for a total price of $10 million, it announced today. MicroStrategy Continues With Its Bitcoin Buying Spree. MicroStrategy announced it has bought just over $1 billion worth of bitcoin. As part of MicroStrategy’s bitcoin plan, they bought 20,857 bitcoins in Q1 of 2021. You can follow him on Twitter @TomiKilgore. On Tuesday morning (ET), the firm’s chief executive officer Michael Saylor shared the announcement on Twitter as he usually does. MicroStrategy Inc. MSTR, -8.22% disclosed that it just spent $10.0 million in cash to buy 205 bitcoins BTCUSD, -0.97% on Friday. It was selling for $55,387 when Microstrategy added another $15 million worth of BTC on its balance sheet. On Tuesday morning (ET), the firm’s chief executive officer Michael Saylor shared the announcement on Twitter as he usually does. Nasdaq-listed MicroStrategy Buys Bitcoin. We want to hear from you. TSLA, Data is a real-time snapshot *Data is delayed at least 15 minutes. The company has bought bitcoins at an average price point of $16,035. The Virginia-based enterprise software company said it paid an average price of $52,765 per bitcoin, including fees and other expenses. -1.02% The Bitcoin purchase. MicroStrategy’s purchase brings its Bitcoin holdings to 0.437% of Bitcoin’s entire supply. MicroStrategy now holds approximately 92,079 Bitcoins, which it says were acquired for about $2.25 billion at an … And MicroStrategy is far deeper into Bitcoin than Tesla. By Tim Alper Linas Kmieliauskas. The enterprise software and bitcoin holder said it … The publicly traded software company has acquired an additional ~253 bitcoins for a cool $15 million in cash at an average price of ~$59,339 per Bitcoin. MicroStrategy announced it has bought just over $1 billion worth of bitcoin. The purchase of 19,452 bitcoins puts the company's total holdings of the digital token at 90,531. As a result, MicroStrategy now holds about 91,579 bitcoin at a total purchase price of $2.23 billion, at an average price of $24,311 per coin. MicroStrategy Buys More BTC Form 8-K filing with the SEC shows that the firm bought approximately 253 BTC or $15 million, in cash, at an average price… MicroStrategy holds 92,079 BTC, which it acquired for $2.251 billion, at an average of $24,450 per BTC. Got a confidential news tip? play is being weighed down by the selloff in the cryptocurrency. All Rights Reserved. Square CFO says bitcoin has potential to become the 'native currency of the internet', generating roughly $1.03 billion in net proceeds, price of bitcoin surged back over $50,000, bought $170 million worth of the cryptocurrency, one day have a market value of $100 trillion. The most recent offering was completed last week, generating roughly $1.03 billion in net proceeds; the notes bear a 0% coupon rate. MicroStrategy buys $15M more of bitcoin Apr. The company's total bitcoin holdings are … “MicroStrategy has purchased approximately 295 bitcoins for $10.0 million in cash, at an average price of ~ $33,808 per #bitcoin. December 21, 2020. May 13, 2021. “MicroStrategy’s first-quarter results were a clear example [of] our two-pronged corporate strategy,” they said in a release. Microstrategy Stocks Up on More Bitcoin, Buys $10 Million Worth to the Balance Sheet. Shares of MicroStrategy Inc. MicroStrategy has purchased an additional 229 bitcoins for $10.0 million in cash at an average price of ~$43,663 per #bitcoin. As of 5 April, MicroStrategy has approximately 91,579 Bitcoins which the non-crypto company bought for ~$2.226 billion at an average price of ~$24,311 per coin. Publicly traded business intelligence firm MicroStrategy (NASDAQ: MSTR) is making the most of the downturn in bitcoin prices as it bought another 229 BTC for $10 million in cash. MicroStrategy’s path to Bitcoin As of 5/18/2021, we #hodl ~92,079 bitcoins acquired for ~$2.251 billion at an average price of ~24,450 per bitcoin. Binance Investigations, MicroStrategy Buys More 'Durable Bitcoin' + More News. As of 3/1/2021, we #hodl ~90,859 bitcoins acquired for ~$2.186 billion at an average price of ~$24,063 per bitcoin. MicroStrategy announced on Feb. 24 that it had purchased 19,452 BTC for roughly $1 billion in cash at an average price of $52,765 per token. Tesla has disclosed holdings of under half of that: 43,200 Bitcoin, or 0.206%. The company now holds approximately 90,500 Bitcoin, and its overall Bitcoin investment is now worth $4.5 billion at current prices. MicroStrategy Acquires Additional $15 Million in Bitcoin at Average Price of $55,387 MicroStrategy, the software intelligence firm turned Bitcoin standard bearer, has accumulated 229 bitcoin for a total price of $10 million, it announced today. On Tuesday morning (ET), the firm’s chief executive officer Michael Saylor shared the announcement on Twitter as he usually does. MicroStrategy said Wednesday the average purchase price of all its bitcoin purchases is $23,985 per digital token. MicroStrategy Inc, a major corporate backer of bitcoin, has bought about 205 bitcoin for about $10 million in cash, it said on Friday, adding to its already substantial holdings of … It has since completed two convertible debt offerings to raise capital to finance additional purchases. MicroStrategy was the first corporation to directly purchase bitcoin, and made its last purchase on March 12. MicroStrategy said it purchased the 205 BTC for $10 million in cash, at an average price of about $48,888, inclusive of fees and expenses. The Ledger. MSTR, The company’s approach to bitcoin. As of 5/18/2021, we #hodl ~92,079 bitcoins acquired for ~$2.251 billion at an average price of ~24,450 per bitcoin. He was 86. A Division of NBCUniversal. MicroStrategy was the first corporation to directly purchase bitcoin, and made its last purchase on March 12. MicroStrategy's stock has run up 39.5% year to date, while bitcoin has soared 73.0%, the SPDR S&P Software & Services ETF The post Breaking: MicroStrategy Buys Additonal $15 Million Worth of Bitcoin appeared first on Coingape. uses bitcoin as its primary treasury asset, the electric vehicle maker has suspended vehicle purchases using bitcoin, Actor Charles Grodin, who starred in ‘The Heartbreak Kid’ and ‘Midnight Run,’ dies at age 86, AT&T stock heads for worst day in 11 months as future dividend cut viewed as ‘somewhat surprising’, Joe Rogan says ‘straight white men’ are being silenced by ‘woke’ culture, What crypto analysts say investors should do as bitcoin market hit by ‘extreme fear’, As Europe relaxes COVID-19 restrictions and U.S. cases fall, India suffers deadliest single day of the pandemic, Why a collapse in bitcoin won't kill blockchain, Why bitcoin’s bust and the ‘crypto cult’ threatens all investors. MicroStrategy, the Business intelligence firm listed at NASDAQ, now owns over 91,579 BTC after purchasing $15 million worth of Bitcoin on Apr 5. Don’t miss out on how smart money is playing the crypto game. MicroStrategy Buys Another 253 Bitcoin (BTC), Edges Closer To Owning 100K BTC Business intelligence company MicroStrategy has announced that it has increased its bitcoin (BTC) holdings. Bitcoin tumbled 8.1% early Thursday, after Tesla Inc. Business intelligence firm MicroStrategy has purchased another $1.026 billion worth of Bitcoin on Wednesday. MicroStrategy made its first bitcoin purchase in August last year. May 13, 2021. On Aug. 11, the company purchased 21,454 bitcoins for an aggregate price of $250 million. sank 7.5% toward a four-month low in premarket trading Thursday, as the enterprise software company and bitcoin has gained 8.2%. MicroStrategy bought an additional 229 Bitcoin at an average price of roughly $43,663 each, As Reported. PDF Version. -8.36% The company's total bitcoin holdings are now worth almost $5.29 billion. MicroStrategy Inc. MSTR, -8.22% disclosed that it just spent $10.0 million in cash to buy 205 bitcoins BTCUSD, -0.98% on Friday. Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. As a result, MicroStrategy now holds about 91,579 bitcoin at a total purchase price of $2.23 billion, at an average price of $24,311 per coin. Business intelligence firm MicroStrategy has purchased 19,452 Bitcoin, worth $1.026 billion, at an average price of $52,765.
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