The post MicroStrategy Buys $5.3 Million Worth of Bitcoin in October! appeared first on Coinpedia Fintech News
MicroStrategy has revealed that it spent another $5.3 million to purchase 155 bitcoins in October as part of its ongoing strategy to invest in the cryptocurrency. This adds to its already sizable holdings, which currently stand at 158,400 bitcoins with an average purchase price of $29,587. MicroStrategy’s CEO, Michael Saylor, has been a vocal advocate for Bitcoin, stating that the cryptocurrency offers a superior store of value compared to traditional assets such as gold. The company’s aggressive purchases of Bitcoin have drawn attention from investors and analysts.
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