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cryptonews
2022-09-22 13:23:00

Why MicroStrategy Has Got Its Bitcoin Accumulation All Wrong as it Lowers Buy Amounts

Why MicroStrategy Has Got Its Bitcoin Accumulation All Wrong as it Lowers Buy Amounts

MicroStrategy has recently made its smallest Bitcoin purchase since it began accumulating Bitcoin on its balance sheet, a move that could signal financial trouble for the enterprise software company. The company founded by Bitcoin evangelist Michael Saylor revealed in a September 19 SEC filing that it purchased an additional $6 million worth of Bitcoin (301 BTC purchased at an average price of $19,851) using its excess cash. ...Read More: Why MicroStrategy Has Got Its Bitcoin Accumulation All Wrong as it Lowers Buy Amounts

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