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MicroStrategy acquired almost 20 thousand more. bitcoins worth $ 1 billion
Business intelligence company MicroStrategy announces $ 1.026 billion acquisition of 19,452 bitcoins. The company currently owns 90,500 bitcoins, with a market value of around $ 4.5 billion. At the same time, on average, one bitcoin cost MicroStrategy $ 23,985.
The company first invested in bitcoin last year, spending $ 425 million on cryptocurrency in August and September. MicroStrategy has invested over $ 500 million by November. In December, the company acquired another $ 650 million worth of cryptocurrencies. This was followed by two more relatively small investments, $ 10 million each. This increased the number of Bitcoins owned by MicroStrategy to 71,079.
MicroStrategy CEO Michael Saylor has become one of the main advocates of bitcoin since the company began investing in cryptocurrency. When MicroStrategy announced its first purchase of bitcoins, Sailor stated that the company recognized them as a legitimate investment asset that could outperform cash. Since then, MicroStrategy has even started offering online courses designed to equip companies with cryptocurrency knowledge.
Since then, Sailor has repeatedly referred to Bitcoin as digital gold, and last December publicly advised Elon Musk to convert Tesla’s balance to Bitcoin, suggesting the move would generate $ 100 billion. Two months later, Tesla did invest $ 1.5 billion in bitcoin, which led to a sharp rise in the value of the cryptocurrency.