MicroStrategy spent $10 million to buy 480 BTC

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Analyst software provider MicroStrategy has acquired an additional 480 BTC at an average price of around $20,817, according to company founder and CEO Michael Saylor.

According to Saylor, as of June 28, MicroStrategy owns 129,699 BTC, purchased for $3.98 billion at an average price of $30,664.According to Saylor, as of June 28, MicroStrategy owns 129,699 BTC, purchased for $3.98 billion at an average price of $30,664.

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Against the backdrop of the collapse of the first cryptocurrency, the company’s “paper” loss from holding bitcoins exceeded $1 billion.

Saylor said in June that MicroStrategy would continue to trade digital gold even in poor market conditions, as the firm’s investment strategy anticipates volatility and adverse conditions.

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The CEO of an analytics software provider is convinced that this approach will provide the company with a “bright future” for the coming years.

In March, MicroStrategy received a $205 million loan to buy cryptocurrencies. Sailor previously said that bitcoin would need to fall below $3,562 for the company to run out of digital assets to meet its obligations.

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Source: Cryptocurrency

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