Nasdaq-listed multibillion-dollar company Microstrategy has purchased more bitcoins. With the latest buy of the cryptocurrency worth $10 million, the company now holds 70,784 bitcoins in its treasury.

Microstrategy’s Bitcoin Holdings Rise to 70,784

The Nasdaq-listed Microstrategy (NASDAQ: MSTR), with over $5 billion in market cap, has bought 314 more bitcoins. CEO Michael Saylor announced Friday:

Microstrategy has purchased approximately 314 bitcoins for $10.0 million in cash in accordance with its Treasury Reserve Policy, at an average price of approximately $31,808 per bitcoin. We now hold approximately 70,784 bitcoins.

At the time of writing, the price of bitcoin on markets.Bitcoin.com stands at 32,223 per BTC. It has fallen about 22% from an all-time high of above $41K on Jan. 8 but has risen about 70% since the beginning of December.

Buying the Dip: Multibillion-Dollar Microstrategy Invests $10 Million More in Bitcoin
BTC’s price chart. Source: markets.Bitcoin.com

Saylor has been one of bitcoin’s most bullish proponents in the institutional space. He believes that…

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Source: https://news.bitcoin.com/buying-dip-multibillion-dollar-microstrategy-10-million-more-bitcoin/