MicroStrategy Buys Another $15 Million in Bitcoin “Buying the dip”

By José Oramas May 15, 2021 In Crypto News, Institutions

It looks like MicroStrategy just bought the Bitcoin dip after Tesla announced it would stop accepting it as payment, citing “environmental concerns”.

Michael Saylor, CEO, confirmed the US$ 15 million purchase via Twitter. MicroStrategy now owns a total of 91,850 Bitcoins for roughly 2.241 billion at an average price of US$ 24,403 per Bitcoin.

MicroStrategy Ignores Tesla’s Bitcoin Criticism

Tesla took a toll on Bitcoin after it announced the company wouldn’t accept Bitcoin payments due to environmental problems, and it was looking into more “environmental friendly” cryptocurrencies, like Dogecoin.

It appears the announcement sparked a heated debate where not only Saylor but influencers like Anthony Pompliano discussed Bitcoin’s energy consumption.


Not only BTC plunged after the announcement, but the entire crypto market shed billions. The whole crypto market dipped below US$ 2 trillion, and most currencies saw price drops between 5-30%. However, Most proof-of-stake (PoS) cryptocurrencies saw a surge in price after Tesla backtracked on Bitcoin.

José Oramas

José Oramas

José is a journalist and translator with a keen interest in blockchain and cryptocurrencies.

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