CEO of Microstrategy, Michael Saylor recently tweeted that his company again purchased Bitcoin in amount of $15 Million, so they are continuing their target converting cash in to Bitcoin, Microstrategy is one of the biggest institutions which is investing on Bitcoin, according to a report their investment is almost $4.3 Billion based on the current price, it’s a massive figure by a single company. Crypto based media Cointelegraph reported that “Michael Saylor announced MicroStrategy's acquisition of another $15 million worth of Bitcoin as MicroStrategy continues to dollar-cost-average into BTC. MicroStrategy’s Bitcoin buying spree shows no signs of slowing after CEO Michael Saylor announced the purchase of another 328 Bitcoin (BTC) on Monday. The acquisition, which was paid for in cash, cost the firm around $15 million and equated to an average coin price of $45,710 at the time of purchase”. At present, Microstrategy holds almost over 90K Bitcoin which current market price above $4 Billion, interesting thing is that they have purchased Bitcoin on an average $24k and $2Billion market price, so in five months they have made almost 2 Billion USD by investing in Bitcoin. Miclael Saylor is playing the leading role in this segment, he said that the firm has two corporate goals, besides software business, buying Bitcoin and investing in this platform is one of the vision.
