Saylor's belief in Bitcoin remains unshaken as MicroStrategy purchases another 480 BTC

June 29, 2022 | 02:55pm

Despite the bear market, MicroStrategy has added 480 BTC to its coffers, the business said on June 29.

Between May 3 and June 28, MicroStrategy purchased 480 Bitcoin (BTC). According to a Form 8-K filed with the Securities and Exchange Commission on June 29, the business intelligence firm paid almost $10 million in cash for the 480 BTC.

MicroStrategy paid an average of $20,817 for the 480 BTC, including fees and expenditures.

MicroStrategy and its subsidiaries have about $129,999 as of June 28, bought for an average price of $34,664, inclusive of fees and expenditures.

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Saylor's belief in Bitcoin remains unshaken as MicroStrategy purchases another 480 BTC

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