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)$16,918.290.430%BITCOIN24H : 0.430%Volume : $19,155,898,723.00Marketcap : $325,675,182,687.00
Ethereum(ETH)$1,250.041.24%ETHEREUM24H : 1.24%Volume : $4,666,755,085.00Marketcap : $150,791,995,541.00
BNB(BNB)$287.631.42%BNB24H : 1.42%Volume : $626,655,522.00Marketcap : $46,983,121,560.00
XRP(XRP)$0.3891.48%XRP24H : 1.48%Volume : $789,368,918.00Marketcap : $19,580,355,984.00
Dogecoin(DOGE)$0.0970.830%DOGECOIN24H : 0.830%Volume : $634,558,807.00Marketcap : $13,341,698,259.00
Cardano(ADA)$0.3120.070%CARDANO24H : 0.070%Volume : $172,952,549.00Marketcap : $10,939,044,930.00
Polygon(MATIC)$0.9102.59%POLYGON24H : 2.59%Volume : $281,512,165.00Marketcap : $8,073,949,293.00
Polkadot(DOT)$5.32-0.22%POLKADOT24H : -0.22%Volume : $149,230,242.00Marketcap : $6,280,217,387.00
Shiba Inu(SHIB)$0.000009000.810%SHIBA INU24H : 0.810%Volume : $97,840,378.00Marketcap : $5,428,010,110.00
Solana(SOL)$13.57-0.98%SOLANA24H : -0.98%Volume : $232,208,768.00Marketcap : $4,976,034,255.00
Avalanche(AVAX)$13.270.230%AVALANCHE24H : 0.230%Volume : $102,244,040.00Marketcap : $4,123,492,400.00
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