MicroStrategy Adds $10m Worth of Bitcoin Amidst the Dip

While the bears dominate the market, MicroStrategy acquires more Bitcoin to its holdings.

From early August, the business intelligence company has consistently added Bitcoin. Recently, their latest buy is 314 Bitcoin at $10 million on Friday. The acquisition was said to help the market, which plunged 15% 24% before.

Through a tweet, Michael Saylor, MicroStrategy’s CEO, disclosed the buy was at the rate of $31,808 at the time of purchase. He confirmed that the purchase is following the firm’s treasury reserve policy.