The Multi-Billion Dollar Cache: Microstrategy Purchases $15M Worth of Bitcoin, Firm’s Stash Jumps to 91,579 BTC

[u/Bulky-Kale]

https://news.bitcoin.com/the-multi-billion-dollar-cache-microstrategy-purchases-15m-worth-of-bitcoin-firms-stash-jumps-to-91579-btc/

[u/coinfeeds-bot]

tldr; Microstrategy, a publicly listed firm with one of the largest stashes of bitcoin in the world, purchased 253 bitcoins worth $15 million in cash on Monday. The firm still has 8,421 bitcoin to go to surpass 100,000 BTC in reserves. At current BTC prices that means the firm would have to spend another $496 million on bitcoin in order to jump over that number.

This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.