It appears that Michael Saylor was completely serious when he recently said that he plans on buying Bitcoin forever.
MicroStrategy just announced that they bought another 3,000 BTC, each priced at $51,813. This means they paid around $155 million for it.
With this most recent move, MicroStrategy is currently the proud owner of 193,000 BTC. They’ve paid a total of $6.09 billion for it, putting their average price at $31,544 per BTC.
At current prices, their stack is worth a little less than $10 billion, netting them a return of close to 63%.
MicroStrategy has acquired an additional 3,000 BTC for ~$155 million at an average price of $51,813 per #bitcoin. As of 2/25/24, @MicroStrategy now hodls 193,000 $BTC acquired for ~$6.09 billion at an average price of $31,544 per bitcoin. $MSTR https://t.co/micudbYf3P
— Michael Saylor (@saylor) February 26, 2024
The announcement comes very shortly after the official Twitter account of the company was compromised. The hacker posted a link to a fake MSTR token that led to over $400K being stolen.
The post MicroStrategy With Another Huge Bitcoin Buy: Scoops 3000 BTC at $51.8K appeared first on CryptoPotato.
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