MicroStrategy To Buy The Dip, Acquires $10M In Bitcoin (BTC)

Business intelligence firm MicroStrategy has scooped up another $10 million worth of Bitcoin (BTC), signaling the company’s relentless conviction in the digital asset amid the latest price collapse.

The cash amount earned MicroStrategy 229 BTC at an average price of $43,663, the company confirmed Tuesday in a Form 8-K filing with the United States Securities and Exchange Commission. The acquisition came just five days after the business intelligence firm purchased 271 BTC for an average price of $55,387.

CEO Michael Saylor, an outspoken supporter of Bitcoin, also disclosed the purchase on Twitter.

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