The publicly listed firm Microstrategy purchased more bitcoin according to a tweet from the company’s chief executive officer Michael Saylor and a recent Securities and Exchange Commission (SEC) filing. The firm spent $15 million in cash and now holds 91,579 bitcoin in the company’s reserves.
Business Intelligence Firm Microstrategy Continues to Stack Bitcoin
Month after month, the company Microstrategy has continued to purchase bitcoin (BTC) and add it to the firm’s balance sheet. On Monday, the company revealed yet another BTC purchase when it disclosed to the SEC in a Form 8-K that it purchased 253 bitcoins for $15 million in cash.
The SEC filing notes:
On April 5, 2021, MicroStrategy Incorporated announced that it had purchased approximately 253 bitcoins for $15 million in cash, at an average price of approximately $59,339 per bitcoin, inclusive of fees and expenses. As of April 5, 2021, the Company holds approximately 91,579 bitcoins that were acquired at an aggregate purchase price of