CEO Michael Saylor bought the coins for an average price of $31,808.
MicroStrategy Buys the Dip, Adds $10M to Bitcoin Treasury
Business intelligence company MicroStrategy bought 314 bitcoin for $10 million on Friday, piling on in a market that was down as much as 15% only one day before.
- CEO Michael Saylor said in a tweet the coins cost an average of $31,808. He said the purchase conforms with MicroStrategy’s treasury reserve policy.
- This is MicroStrategy’s first treasury padding since splurging $600 million on the market-leading cryptocurrency following a debt raise.
This is a developing story.
https://www.coindesk.com/microstrategy-buys-the-dip-adds-10m-to-bitcoin-treasury
