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MicroStrategy Buys $175M More in Bitcoin, Upping BTC Holdings to $425M
Michael Saylor, the founder of MicroStrategy, said Tuesday his company has acquired an additional $175 million in bitcoin (BTC) in a single purchase.
By Paddy Baker
Updated May 9, 2023, 3:11 a.m. Published Sep 15, 2020, 1:30 p.m.
Michael Saylor, the founder of MicroStrategy, said Tuesday his company has acquired an additional $175 million in bitcoin in a single purchase.
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- Saylor said on Twitter that his business intelligence company had completed the acquisition of 16,796 bitcoin on Monday.
- This has significantly increased the total size of MicroStrategy's bitcoin holdings up to 38,250 bitcoin – worth roughly $416 million at current prices.
- MicroStrategy told the Securities and Exchange Commission (SEC) on Monday that it "may increase" its BTC holdings above the $250 million purchased in August.
Read more: MicroStrategy Buys $250M in Bitcoin, Calling the Crypto ‘Superior to Cash’
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