Saylor's belief in Bitcoin remains unshaken as MicroStrategy purchases another 480 BTC

Despite the bear market, MicroStrategy has added 480 BTC to its coffers, the business said on June 29.

Between May 3 and June 28, MicroStrategy purchased 480 Bitcoin (BTC). According to a Form 8-K filed with the Securities and Exchange Commission on June 29, the business intelligence firm paid almost $10 million in cash for the 480 BTC.

MicroStrategy paid an average of $20,817 for the 480 BTC, including fees and expenditures.

MicroStrategy and its subsidiaries have about $129,999 as of June 28, bought for an average price of $34,664, inclusive of fees and expenditures.

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