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17
Sep, 2021

Microstrategy Continues to Buy Bitcoin

Microstrategy is well known in the crypto space for its aggressive investment strategy regarding Bitcoin. For this reason, it announced another purchase of 5,050 bitcoins worth of $240 million, while the average price is $48,000.

 

After this market, the total position of the company reaches 114,000 bitcoins, worth around $3.16 billion. The most impressive thing is that the average price for Microstrategy is $27,700, meaning that the position has remained profitable at this moment.

 

The institutional investors have Bitcoin as a option that will increase the value in customers’ portfolios while it is a true diversification and risk distribution move, with Microstrategy to shape the path.