Virginia-based business intelligence firm MicroStrategy has added 271 more Bitcoins (BTC) to its strategic reserves.
CEO Michael Saylor, In his announcement on Thursday announced that the purchase was made on May 13 and at an average price of $ 55,387. MicroStrategy’s total BTC savings have thus reached 91,850 BTC, with an average purchase price of $ 24,403.
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 #hodl ~91,850 bitcoins acquired for ~$2.241 billion at an average price of ~24,403 per bitcoin. $MSTRhttps://t.co/EwZnRkAt6k
— Michael Saylor (@michael_saylor) May 13, 2021
While MicroStrategy’s recent acquisition coincided with the price correction caused by Tesla’s ceasing to accept BTC payments, the business intelligence giant does not have such a timing in the market. Saylor said in a statement last February that the company is not considering slowing down the pace of buying BTC.
MicroStrategy currently holds 0.437 percent of the circulating BTC supply.