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Breaking: MicroStrategy Buys Additonal $15 Million Worth of Bitcoin

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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.

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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.

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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.

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Disclaimer
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
About Author
An engineering graduate, Prashant focuses on UK and Indian markets. As a crypto-journalist, his interests lie in blockchain technology adoption across emerging economies.

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Source: https://coingape.com/microstrategy-buys-additonal-15m-bitcoin-cash-purchase/

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