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Microstrategy’s Bitcoin Reserves Hits 91,579, Buys Additional $15m Monday

Microstrategy’s Chief Executive Officer, Michael Saylor in a tweet Monday disclosed that the publicly listed firm has purchased more than $15 million bitcoin.

The Securities and Exchange Commission (SEC) filing also corroborated the statement as it file shows that Microstrategy now holds 91,579 bitcoin in the company’s reserves.

Further records indicated that almost every month, Microstrategy has consistently purchase bitcoin (BTC) and add it to the firm’s balance sheet.

Today,  reports that the company revealed yet another BTC purchase to the SEC in a Form 8-K that it purchased 253 bitcoins for $15 million in cash.

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SEC filing states: ”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 $2.226 billion and an average purchase price of approximately $24,311 per bitcoin, inclusive of fees and expenses.”

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