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MicroStrategy is unstoppable, acquires additional 205 Bitcoins worth $10M



Bitcoin (BTC)

On March 5th 2021, MicroStrategy Incorporated announces that it has acquired an additional 205 bitcoins. All the bitcoins have been purchased at an average price of $48,888 per Bitcoin, inclusive of all fees and expenses.

The announcement was done by Michael Saylor, the founder and CEO of MicroStrategy via a tweet. The tweet says, “MicroStrategy has purchased an additional ~205 bitcoins for ~$10.0 million in cash at an average price of ~$48,888 per bitcoin. As of 3/5/2021, we hodl ~91,064 bitcoins acquired for ~$2.196 billion at an average price of ~$24,119 per bitcoin.”

So as of March 5, 2021, the Company holds approximately 91,064 bitcoins. The aggregate purchase price of all bitcoins is $2.196 billion and the average price is $24,119 per bitcoin, inclusive of fees and expenses.

You can also read the report of the recent bitcoin purchase by MicroStrategy here.

At the press time, Bitcoin is trading at $48,404 as per CoinMarketCap. The 24h high and low for BTC is $46,542 and $50,346 respectively. Also, the market dominance of BTC is 60.7% and that of ETH is 11.7%.

Disclaimer: Koinalert’s content is only for information purpose in nature and should not be considered as investment advice. Do your own market research before investing in any cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.

Ashish is a cryptocurrency journalist who has been passionately involved in the bitcoin space since 2016. His interests lie in bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.