The company MicroStrategy is still talking about it following the purchase of bitcoins (BTC). In all, the firm acquired an additional 1,914 BTC. Its CEO, Michael Saylor informed the press about the huge amount spent by the company to buy this stock: 94.20 million dollars.
A beneficial investment for MicroStrategy
MicroStrategy has devoted a large portion of its financial resources to buying bitcoin (BTC) over the past few years. The latest transaction cost the company $ 94.20 million. This is what Mr. Saylor revealed in an official statement. Prior to this transaction, the company had purchased BTC for $ 414 million. In total, MicroStrategy has a stock of 124,391 BTC tokens in its vaults.
As of this writing, bitcoin (BTC) has lost value again. It is currently worth around $ 42,883.30, after a drop of 1.16%. When we do the calculation by considering this value, MicroStrategy has a $ 5.90 billion fortune. By spending $ 3.75 billion to buy 124,341 BTC, she made a profit of $ 2.15 billion.
MicroStrategy continues its policy of buying bitcoin (BTC)
MicroStrategy turned its attention to bitcoin (BTC) during the year 2020, more specifically in August. At that time, she had invested $ 250 million. Since then, she has supplemented her bitcoin cash flow by buying even more. Along with its acquisitions, the company issued convertible senior notes with the aim of raising funds to buy BTC again.
Michael Saylor remains a staunch defender of BTC to this day. Even if everyone in the cryptocurrency industry were to abandon this digital asset one day, it wouldn’t. Indeed, this is what suggests its policy regarding the purchase of BTC. Of course, not everyone agrees with his vision of things, but the fact remains that he wants to continue in this direction.
That said, it should be noted that MicroStrategy officials have get rid of part of their shares in BTC since the decline in value of the digital asset. This situation arose shortly after Phong Le, CFO of MicroStrategy, and Timothy Lang, CTO, themselves liquidated 30% of their shares.
MicroStrategy company will continue to buy bitcoin (BTC) for as long as possible. Indeed, it has just carried out a new operation, while its stock is already considerable. Lately, she bought 1,914 BTC for $ 94.20 billion, bringing her total inventory to $ 5.90 billion.
Source: Invezz
Receive a summary of the news in the world of cryptocurrencies by subscribing to our new daily and weekly newsletter service so as not to miss any of the essential Cointribune!
TCT writing
Behind the generic signature “TCT editorial staff” are young journalists and authors with specific profiles who wish to remain anonymous because they are involved in the ecosystem with certain obligations.
