MicroStrategy Acquires 301 BTC for $6M


MicroStrategy is moving forward with its plan to acquire as much bitcoin (EXANTE: Bitcoin) as possible, with the latest purchase of an additional 301 bitcoins for ~$6.0 million.

MicroStrategy Founder, Michael Saylor, said in a tweet that the company acquired additional bitcoin at an average price of $19,851. With the latest move, MicroStrategy now holds about 130,000 bitcoins acquired for a total sum of $3.98 billion at an average price of $30,639 per BTC.

MicroStrategy Intends to Sell Up to $500M in Company Shares


The deal comes amid accusations of District of Columbia Attorney, General Karl Racine, who had earlier filed civil charges against MicroStrategy and its founder Michael Saylor for violating tax fraud. Racine took to Twitter to emphasize that Saylor has lived in the District «for more than a decade but has never paid any DC income taxes.»


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