MicroStrategy Buys $190 Million Worth of Bitcoin at $45,714

#Ripple #XRP

The intelligence company – MicroStrategy – spearheaded by one of Bitcoin’s most vocal proponents, Michael Saylor, has bought Bitcoin once again.

• The company has bought Bitcoin through its subsidiary – MacroStrategy – according to a recent release.
• The news was broken by the CEO of the company and avid BTC supporter – Michael Saylor.
• MacroStrategy bought a total of $190 million worth of BTC which translates to 4,167 bitcoin at an average price of $45,714.
• As of today, the company owns a total of $129,218 BTC worth almost $4 billion. The average price of the acquisition is approximately $30,700.
• CryptoPotato reported earlier in March that MacroStrategy – the subsidiary – has received a $205 million loan that’s collateralized by BTC holdings and that it attempts to use the funds to buy more bitcoins.

OhNoRipple via https://www.ohnocrypto.com/ @George Georgiev, @Khareem Sudlow