MicroStrategy, the cloud solution giant has bought an additional $15 million worth of Bitcoin at $55,387 adding 271 BTC to their $2 billion-plus bitcoin holdings. The most recent purchase take the total number of Bitcoin bought by Microstrategy to 91,850 BTC worth $2.41 billion.
MicroStrategy has purchased an additional 271 bitcoins for $15.0 million in cash at an average price of ~$55,387 per #bitcoin. As of 5/13/2021, we #hodl ~91,850 bitcoins acquired for ~$2.241 billion at an average price of ~24,403 per bitcoin. $MSTRhttps://t.co/EwZnRkAt6k
— Michael Saylor (@michael_saylor) May 13, 2021
The announcement comes at a time when Elon Musk-led Tesla has decided to discontinue the Bitcoin payment option citing growing concerns over the Bitcoin network’s energy consumption, igniting the much-hyped FUD again.
Michael Saylor, the CEO of the Fortune 500 company came down heavily on Musk for his outlandish claims and called his per-transaction energy consumption ironic since the miners on the Bitcoin network offer hash power to secure the whole network instead of per transaction.
Ironic because no incremental energy is used in a #bitcoin transaction. The energy is used to secure the crypto-asset network, and the net impact on fossil fuel consumption over time will be negative, all things considered.
— Michael Saylor (@michael_saylor) May 12, 2021
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Source: https://coingape.com/microstrategy-buys-additonal-15m-bitcoin-cash-purchase/