MicroStrategy Keeps Buying Bitcoin, Adds Another $15M

By | May 13, 2021

is Bitcoin a buy?

CEO Michael Saylor continues policy of buying the Crypto asset at set intervals.

The latest purchase comes as the leading cryptocurrency faces challenges from one of its most vocal corporate backers. Wednesday, Tesla CEO Elon Musk suspended the electric car-maker’s bitcoin payments policy because of environmental concerns. Bitcoin plunged to as low as $46,294.72 before recovering to about $50,000, where it now trades, suggesting Saylor’s latest purchase preceded Wednesday’s news about Tesla.

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