Bitcoin Skeptic Turns Bitcoin Bull: Billion Dollar Company Buys 17K BTC in 74 Hours



NEWS
Sep 21, 2020 

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BTC$10397.32-4.49%ETH$338.00-9.38%XRP$0.23-5.76%BCH$211.02-6.29%DOT$4.04-13.13% 

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NEWS
by Kevin Helms

20 hours ago
 31984
Bitcoin Skeptic Turns Bitcoin Bull: Billion Dollar Company Buys 17K BTC in 74 Hours
From Bitcoin Skeptic to Bitcoin Bull: Billion Dollar Company Buys 17K BTC in 74 Hours

Nasdaq-listed company Microstrategy recently bought almost 17K bitcoins within 74 hours, costing about $175 million. The CEO of this billion-dollar company used to be a bitcoin skeptic but has recently become a bitcoin bull when his company purchased $425 million worth of bitcoin.

Billion Dollar Public Company Dives Into Bitcoin
Microstrategy recently made history in the bitcoin space when it became the first publicly-traded company to spend a material amount of its reserves to buy bitcoin.

The company has purchased a total of 38,250 BTC at an aggregate price of $425 million. The first purchase was announced on Aug. 11 for 21,454 bitcoins at an aggregate price of $250 million. The company then disclosed on Sept. 14 that it had purchased an additional 16,796 bitcoins at an aggregate price of $175 million.

Microstrategy CEO Michael Saylor explained on Friday:
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