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MicroStrategy has bought additional bitcoins for $786 million Michael Saylor's MicroStrategy company bought additional bitcoins for $786 million. MicroStrategy used a bond issue to buy bitcoin MicroStrategy bought another 11,931 bitcoins worth $786 million raised from the sale of bonds and from excess reserves. The average purchase price is about $65,883 for 1 BTC. MicroStrategy, run by Michael Saylor, is one of the largest corporate holders of cryptocurrency. Now Michael Saylor's company owns 226,331 BTC, which it spent $8.33 billion on with an average purchase price of $36,798. The value of these coins at the exchange rate on June 20 exceeds $ 15 billion. MicroStrategy started buying cryptocurrencies regularly in August 2020 and has been at a loss for a long time. At the end of October 2023, against the background of the sharp growth of the crypto market, MicroStrategy's trading position on bitcoin became profitable.
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