American City Business Journals
MicroStrategy buys the bitcoin dip
Tysons business software company MicroStrategy Inc. (NASDAQ: MSTR) loaded up on more bitcoin over the past two months as the cryptocurrency’s price plummeted to numbers not seen in over a year, reaching a low of $17,560 per bitcoin on June 18. Between May 3 and June 28, MicroStrategy — led by CEO Michael Saylor, a prominent crypto evangelist — purchased 480 bitcoins. It’s a sign that despite the historically low prices at which bitcoin has traded recently, MicroStrategy appears to be slowing its pace.