MicroStrategy dismisses market uncertainty, buys another Bitcoin dip

MicroStrategy, a software company that’s been making headlines for its aggressive purchases, has made another $10 million purchase after Thursday’s market uncertainty.

As announced by CEO Michael Saylor, the company purchased another 205 BTC at an average price of $48,888, spending $10 million in cash to do so. This puts the company’s total Bitcoin holdings at 91,064 BTC worth $4.3 billion. The total cost basis of the BTC is $2,196 billion with an average purchase price of $24,119.