MicroStrategy has purchased an additional 480 bitcoins worth of $10.0 million

Michael Saylor Buys the Dip MicroStrategy adds $10M worth of $20.8K

MicroStrategy has purchased an additional 480 bitcoins worth of $10.0 million

Saylor took it to Twitter on June 29 to outline the latest purchase made by his company This one worth $10 million secured the NASDAQ listed firm 480 bitcoins.

The average price of the transaction was $20.817 MicroStrategy's total BTC holding has grown to 129,664

The company continues to be in the red on its bitcoin investment with the asset struggling to remain above $20,000 MicroStrategy's entire position is now valued at $2.6 billion.

The NASDAQ-listed giant sits on an unrealized loss of over $1.4 billion.

Saylor remains as bullish as ever predicting a future price tag of $1 million for the primary cryptocurrency also turmoil has not deterred him and his company as they promised to continue purchasing more portions of the assets.

MicroStrategy could face a margin call on its $205 million loans from Silvergate. which is used to buy more BTC a few months back. the company dismissed those rumors reassuring us that it has more than enough bitcoins to keep its position.

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