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%.