MicroStrategy, a NASDAQ listed data analytics technology company has acquired an additional $15 million in bitcoin at an average price of $55,387 amid the crypto market crash. Bitcoin price is down by more than 10% today after Tesla CEO Elon masked suspended the bitcoin payment option concerning high energy requirement in mining the coin.
Michael Saylor, CEO of MicroStrategy is one of the most vocal supporters of bitcoin. On Twitter, he mentioned, “MicroStrategy has purchased an additional 271 bitcoins for $15.0 million in cash at an average price of ~$55,387 per bitcoin. As of 5/13/2021, we hold ~91,850 bitcoins acquired for ~$2.241 billion at an average price of ~24,403 per bitcoin.”
Hope this will bring some positive wave in the crypto market which is right now going through a shock after Elon’s announcement followed by Vitalik’s decision to donate $1 billion to India covid relief fund and other charities using dog-themed meme tokens Shiba Inu, Dogelon, Akita Inu and others.
At press time the global crypto market is down by 10.56% over the last day.