Cryptocurrency News

MicroStrategy scoops up 480 Bitcoin amid market slump

06/30/2022

Less than a minute

2022.06.30 02:40

MicroStrategy scoops up 480 Bitcoin amid market slump

Business intelligence firm MicroStrategy has added to its Bitcoin (BTC) holdings, reaffirming CEO Michael Saylor’s bullish outlook on the digital asset despite its recent struggles.

In a Form 8-K filing with the United States Securities and Exchange Commission (SEC), Microstrategy (NASDAQ:MSTR) disclosed that it had acquired an additional 480 BTC at an average price of roughly $20,817. The total purchase amount was $10 million in cash.

06/30/2022

Less than a minute

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