MicroStrategy Increases Investment in Bitcoin by $94 Million

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MicroStrategy CEO Michael Saylor has announced on Twitter the company has bought 1,900 Bitcoins for over $94 million at an average price of $49.2K per BTC. The number of Bitcoins on MicroStrategy’s balance increased to 124.391 BTC ($6.1 billion). The company spent about $3.7 billion on the purchase (the average purchase price is $30,100 per BTC).

The last time the company bought BTC was in early December. Then the firm acquired 1,400 Bitcoins for $82.4 million. The head of MicroStrategy Michael Saylor is an active supporter of digital assets. He said Bitcoin would become the main store of value for the 21st century and called the tightening of mining and crypto trading regulation in China a trillion dollar mistake.

MicroStrategy is the largest cryptocurrency holder among public companies. In second place in this indicator is the electric car manufacturer Tesla.

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