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) $ 66,695.87 0.07%
ethereum
Ethereum (ETH) $ 3,252.49 1.89%
tether
Tether (USDT) $ 1.00 0.10%
bnb
BNB (BNB) $ 606.34 0.48%
solana
Solana (SOL) $ 158.37 1.50%
usd-coin
USDC (USDC) $ 1.00 0.04%
staked-ether
Lido Staked Ether (STETH) $ 3,251.58 1.88%
xrp
XRP (XRP) $ 0.548723 0.57%
dogecoin
Dogecoin (DOGE) $ 0.161546 1.52%
the-open-network
Toncoin (TON) $ 5.90 3.70%
   
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$0.0000  $0.0000  (0.00%)
   
$0.0000  $0.0000  (0.00%)
   
$0.0000  $0.0000  (0.00%)
   
$0.0000  $0.0000  (0.00%)