Business analytics and mobility platform, MicroStrategy despite the volatile market conditions has doubled down on its BTC-related strategy. The firm continues with its bitcoin accumulation by purchasing another chunk of 271 bitcoins worth $15 million at an average price of $55,387 per bitcoin, even as the crypto market raced lower.
Bitcoin plunged to as low as $46,294.72 before recovering to about $50,000, where it now trades after Tesla CEO Elon Musk on Wednesday suspended the electric car-maker’s bitcoin payments policy because of environmental concerns, suggesting Saylor’s latest purchase preceded Wednesday’s news about Tesla.
The publicly traded business intelligence company has now spent $2.24 billion on bitcoin, bringing its accumulation to a total of nearly 92,000 coins worth $4.6 billion at the time of writing.
Bitcoin(BTC)$20,262.00-2.57%BITCOIN24H : -2.57%Volume : $18,206,560,403.00Marketcap : $386,800,228,032.00
Ethereum(ETH)$1,143.81-4.42%ETHEREUM24H : -4.42%Volume : $13,129,073,134.00Marketcap : $138,825,218,197.00
BNB(BNB)$226.53-3.35%BNB24H : -3.35%Volume : $1,044,223,736.00Marketcap : $37,091,456,282.00
XRP(XRP)$0.339-4.20%XRP24H : -4.20%Volume : $1,017,439,127.00Marketcap : $16,376,316,809.00
Cardano(ADA)$0.469-3.65%CARDANO24H : -3.65%Volume : $680,920,392.00Marketcap : $15,871,333,591.00
Solana(SOL)$35.21-8.85%SOLANA24H : -8.85%Volume : $1,292,222,758.00Marketcap : $12,075,211,521.00
Dogecoin(DOGE)$0.066-9.02%DOGECOIN24H : -9.02%Volume : $471,626,138.00Marketcap : $8,739,991,305.00
Polkadot(DOT)$7.29-6.00%POLKADOT24H : -6.00%Volume : $402,209,915.00Marketcap : $8,210,585,145.00
Shiba Inu(SHIB)$0.00001000-9.95%SHIBA INU24H : -9.95%Volume : $474,299,873.00Marketcap : $5,876,487,061.00
Avalanche(AVAX)$18.22-6.07%AVALANCHE24H : -6.07%Volume : $482,911,212.00Marketcap : $5,139,140,348.00
Terra(LUNA)$0.000071-5.71%TERRA24H : -5.71%Volume : $134,734,814.00Marketcap : $768,841,921.00
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