Cryptocurrency

MicroStrategy Invests Additional $10 Million In Bitcoin

MicroStrategy Invests Additional $10 Million In Bitcoin

MicroStrategy Invests Additional $10 Million In Bitcoin

-Software company, Microstrategy has disclosed that it has invested $10 million to purchase 205 bitcoins.

-This brings the company’s total bitcoin holdings to 91,064 purchased for an average price of $48,888

-The Company’s total Bitcoin holding is worth $4.4 billion at the time of this report

Software company, Microstrategy is not giving up its trust in bitcoin. The company disclosed on Friday that it had invested an additional $10 million in the flagship cryptocurrency.

MicroStrategy buys $10 million worth of Bitcoin

The company revealed that it bought the 205 bitcoins at an average price of $48,888 per coin, including fees and other expenses.

Bitcoin recovers

Altogether the company owns 91,064 bitcoins, which is valued at $4.4 billion.

Bitcoin has been fluctuating for the larger part of Friday. The flagship crypto has lost 8% in value in the last week.

Read also: Kraken CEO says that Bitcoin will reach $10 million

Many bitcoin analysts believe that the cryptocurrency has been showing signs of stability and the pullback is nearing its end.

At the time of this report, Bitcoin is trading at $49,000. The flagship Cryptocurrency also has a market cap of $912 billion.

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