MicroStrategy Buys $414 Million Worth of Bitcoin

MicroStrategy Buys $414 Million Worth of Bitcoin

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The company announced Monday that it had bought an additional 7,008 Bitcoins at an average price of approximately $59,187 per coin.

MicroStrategy’s Bitcoin riches have now swelled to 121,044 coins whose average purchase price is $29,534.

Bitcoin didn’t budge on the announcement as it continues to flatline just above the $57,000 level.

As reported by U.Today, the flagship cryptocurrency has managed to partially recover from the violent sell-off that took place on Monday.

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