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Saylor’s faith in Bitcoin unshaken as MicroStrategy buys another 480 BTC

29 Jun, 20221 min readBitcoin
Saylor’s faith in Bitcoin unshaken as MicroStrategy buys another 480 BTC
  • MicroStrategy bought 480 Bitcoin (BTC) between May 3 and June 28. according to a Form 8-K filed with the U.S. Securities and Exchange Commission on June 29,
  • The business intelligence firm spent approximately $10 million in cash to purchase the 480 BTC.
  • MicroStrategy bought the 480 BTC at an average price of $20,817, inclusive of fees and expenses.
  • As of June 28, MicroStrategy and its subsidiaries held approximately $129,999, acquired at an average price of $34,664, inclusive of fees and expenses.
  • More details to follow.

    Jinia is a fintech writer based in Stockholm, Sweden. With years of experience, she has written about cryptocurrency and blockchain for renowned publications such as Cointelegraph, CoinMarketCap, Bitcoinist, Invezz, etc.

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