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MicroStrategy’s Saylor Announces $209 Million Bitcoin Purchase
In a recent announcement, MicroStrategy’s CEO Michael Saylor hinted at expanding the company’s impressive streak of purchasing Bitcoin by sharing his tracker on social media. This time, the company has reportedly purchased $209 million worth of Bitcoin.
The average purchase price per coin was revealed to be an astonishing $97,837. However, as of now, Bitcoin is trading at a lower rate of $93,117, which represents a 5.5% decline over the past 24 hours.
It’s worth noting that this information is provided for informational purposes only and should not be taken as investment advice. As always, it’s essential to perform your own research prior to making any decisions regarding cryptocurrencies.
As one of the most prominent institutional investors in Bitcoin, MicroStrategy has consistently demonstrated a strong commitment to its strategy of accumulating large amounts of the cryptocurrency.
Source: u.today
