MicroStrategy Buys More Bitcoin, $BTC Now Back Above $48,000

On Monday (March 1), Nasdaq-listed business intelligence company MicroStrategy Inc. (NASDAQ: MSTR) lent some much-needed confidence to the crypto market by announcing the purchase of more Bitcoin for its corporate treasury.

Here is how Michael J. Saylor, Co-Founder, Chairman, and CEO of MicroStrategy, announced that his company had “purchased an additional ~328 bitcoins for ~$15.0 million in cash at an average price of ~$45,710 per bitcoin.”

This brings the total number of bitcoins that MicroStrategy is now HODLing to 90,859.

According to data by TradingView, minutes later (at 13:16 UTC) on crypto exchange Bitstamp, the Bitcoin price reached $48,521, which is the current intraday high.

bitcoin
Bitcoin (BTC) $ 98,458.38 3.65%
ethereum
Ethereum (ETH) $ 3,328.99 7.46%
tether
Tether (USDT) $ 1.00 0.05%
solana
Solana (SOL) $ 256.38 7.47%
bnb
BNB (BNB) $ 628.81 3.16%
xrp
XRP (XRP) $ 1.32 18.02%
dogecoin
Dogecoin (DOGE) $ 0.384530 0.11%
usd-coin
USDC (USDC) $ 1.00 0.06%
staked-ether
Lido Staked Ether (STETH) $ 3,325.12 7.50%
cardano
Cardano (ADA) $ 0.846314 5.73%
   
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