{"id":114930,"date":"2021-03-01T15:37:41","date_gmt":"2021-03-01T15:37:41","guid":{"rendered":"https:\/\/precoinnews.com\/?p=114930"},"modified":"2021-03-01T15:37:41","modified_gmt":"2021-03-01T15:37:41","slug":"microstrategy-buys-more-bitcoin-btc-now-back-above-48000","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/bitcoin\/microstrategy-buys-more-bitcoin-btc-now-back-above-48000\/","title":{"rendered":"MicroStrategy Buys More Bitcoin, $BTC Now Back Above $48,000"},"content":{"rendered":"<p>On Monday (March 1), Nasdaq-listed\u00a0business intelligence company\u00a0MicroStrategy Inc.\u00a0(NASDAQ: MSTR)\u00a0lent some much-needed confidence to the crypto market by announcing the purchase of more Bitcoin for its corporate treasury.<\/p>\n<p>Here is how Michael J. Saylor, Co-Founder, Chairman, and CEO of\u00a0MicroStrategy, announced that his company had \u201cpurchased an additional ~328 bitcoins for ~$15.0 million in cash at an average price of ~$45,710 per bitcoin.\u201d<\/p>\n<p>This brings the total number of bitcoins that MicroStrategy is now HODLing to 90,859.<\/p>\n<p>According to data by TradingView, minutes later (at 13:16 UTC) on crypto exchange Bitstamp, the Bitcoin price reached $48,521, which is the current intraday high.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/cryptoglobe.s3.eu-west-2.amazonaws.com\/2021\/03\/TV-Chart-BTCUSD-on-Bitstamp-One-Day-1-Mar-2021-1-1-1280x686.png\"><\/p>\n<p><em>Featured\u00a0Image\u00a0by\u00a0\u201cSnapLaunch\u201d\u00a0via\u00a0Pixabay.com<\/em><\/p>\n<p><em>The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.<\/em><\/p>\n<p>Source: <a href=\"https:\/\/www.cryptoglobe.com\/latest\/2021\/03\/microstrategy-buys-more-bitcoin-btc-now-back-above-48000\/\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Monday (March 1), Nasdaq-listed\u00a0business intelligence company\u00a0MicroStrategy<\/p>\n","protected":false},"author":3,"featured_media":114929,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[47],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - 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