On Friday, the incorporated and publicly listed business intelligence (BI) firm, Microstrategy announced the company has acquired an additional $10 million in bitcoin. The company’s CEO Michael Saylor revealed the latest purchase on Twitter with a link to a Form 8-K Securities and Exchange Commission (SEC) filing registered on March 5, 2021.

Microstrategy’s Bitcoin Buying Spree Continues

Microstrategy continues its bitcoin (BTC) buying spree announcing it bought an additional $10 million worth on Monday. The BI company’s CEO revealed the new acquisition on Friday, March 5, when he tweeted about the latest purchase on Twitter. “Microstrategy has purchased an additional ~205 bitcoins for ~$10.0 million in cash,” Saylor wrote. “At an average price of ~$48,888 per bitcoin,” he explained to his 598,000 Twitter followers.

Saylor added:

As of 3/5/2021, we hodl ~91,064 bitcoins acquired for ~$2.196 billion at an average price of…

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Source: https://news.bitcoin.com/microstrategy-acquires-another-10-million-in-bitcoin-company-balance-sheet-nears-100k-btc/