MicroStrategy Buys the Dip, Adds $10M to Bitcoin Treasury
CEO Michael Saylor bought the coins for an average price of $31,808.
Jan 22, 2021 at 2:33 p.m. UTCUpdated Aug 19, 2021 at 6:45 a.m. UTC
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Business intelligence company MicroStrategy bought 314 bitcoin for $10 million on Friday, piling on in a market that was down as much as 15% only one day before.
- CEO Michael Saylor said in a tweet the coins cost an average of $31,808. He said the purchase conforms with MicroStrategy's treasury reserve policy.
- This is MicroStrategy's first treasury padding since splurging $600 million on the market-leading cryptocurrency following a debt raise.
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