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)$27,523.00-1.57%BITCOIN24H : -1.57%Volume : $16,146,623,164.00Marketcap : $531,363,059,056.00
Ethereum(ETH)$1,739.40-1.76%ETHEREUM24H : -1.76%Volume : $8,324,707,238.00Marketcap : $209,572,042,038.00
BNB(BNB)$322.61-0.38%BNB24H : -0.38%Volume : $418,835,758.00Marketcap : $50,883,495,657.00
XRP(XRP)$0.4628.23%XRP24H : 8.23%Volume : $1,717,791,056.00Marketcap : $23,447,856,394.00
Cardano(ADA)$0.353-3.24%CARDANO24H : -3.24%Volume : $275,109,495.00Marketcap : $12,379,350,244.00
Dogecoin(DOGE)$0.074-1.95%DOGECOIN24H : -1.95%Volume : $440,476,363.00Marketcap : $10,284,583,366.00
Polygon(MATIC)$1.08-1.04%POLYGON24H : -1.04%Volume : $406,765,922.00Marketcap : $9,853,790,378.00
Solana(SOL)$20.47-1.66%SOLANA24H : -1.66%Volume : $395,503,201.00Marketcap : $7,855,395,043.00
Polkadot(DOT)$5.93-2.91%POLKADOT24H : -2.91%Volume : $145,012,091.00Marketcap : $7,207,705,840.00
OKB(OKB)$41.83-1.97%OKB24H : -1.97%Volume : $30,426,936.00Marketcap : $2,520,666,123.00
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