MicroStrategy has expanded its Bitcoin holdings again. Despite the recent troubles, the company has bought another 480 Bitcoins. The company now owns 129,699 BTC and has bought it at an average price of $30,644, according to CEO Michael Saylor.
Nearly 130 thousand Bitcoin
In a filing with the United States Securities and Exchange Commission (SEC), Microstrategy disclosed that it had purchased an additional 480 Bitcoins at an average price of approximately $20,817. The total purchase amount was $10 million.
With this purchase, MicroStrategy now owns 129,699 BTC, making it by far the largest business Bitcoin investor. The total value of her assets is approximately $3.98 billion.
Thus, the company continues to buy Bitcoin despite the period of extreme volatility. The price also briefly dipped below the psychological $20,000 mark today, which is more than $10,000 lower than the company’s average purchase price. The company’s bitcoin stock is currently at a loss of nearly $1.4 billion, according to data from Bitcoin Treasuries.
Michael Saylor remains optimistic
However, Michael Saylor, the company’s CEO, remains optimistic about Bitcoin’s long-term prospects. Earlier this month, he told his 2.5 million Twitter followers that the company has no plans to sell a single Bitcoin.
