Microstrategy, Inc. (MSTR) increases Bitcoin pile with $147m purchase
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Microstrategy Boosts Bitcoin Portfolio With Additional $147.3 Million Purchase
September 25, 2023 2:01 PM EDTMicroStrategy, a major Bitcoin investor and business intelligence firm, has recently purchased an additional 5,445 BTC, further affirming its bullish stance on the cryptocurrency. The announcement was made by Michael Saylor, co-founder and executive chairman at MicroStrategy, on Monday via X (formerly Twitter). The firm acquired the latest stash of Bitcoin at an average price of $27,053 per coin, amounting to a total investment of approximately $147.3 million.
The acquisition process was carried out between August 1, 2023, and September 24, 2023,... More
Microstrategy, Inc. (MSTR) acquired approximately 5,445 bitcoins from August 1 through September 24
September 25, 2023 8:23 AM EDTMicrostrategy, Inc. (NASDAQ: MSTR) disclosed:
On September 25, 2023, MicroStrategy Incorporated (MicroStrategy) announced that, during the period between August 1, 2023 and September 24, 2023, MicroStrategy, together with its subsidiaries, acquired approximately 5,445 bitcoins for approximately $147.3 million in cash, at an average price of approximately $27,053 per bitcoin, inclusive of fees and expenses. As of... More
Bitcoin stumbles amid Federal Reserve's hawkish stance on interest rates
September 22, 2023 5:39 AM EDTBitcoin (BTC-USD) experienced a dip in value on Thursday, September 21, 2023, erasing gains made earlier in the week. The decline comes a day after the Federal Reserve signaled that interest rates will remain high for an extended period. The original cryptocurrency retreated 2.3% to $26.5K at 11:33 a.m. ET, after reaching as high as $27.4K in the run-up to the central bank's policy-decision meeting.
The Federal Open Market Committee kept rates unchanged on Wednesday, as expected, though policymakers maintained its projection of one more hike at one of its two final gatherings this year. Officials also raised their projections... More
