Fun

Microstrategy Buys $1 Billion More Bitcoin — Company Now Holds Over 90,000 BTC

News Feed - 2021-02-24 11:02:35

Microstrategy Buys $1 Billion More Bitcoin — Company Now Holds Over 90,000 BTC


Microstrategy has purchased an additional $1.026 billion worth of bitcoin, raising the total number of bitcoins it has accumulated to about 90,531. Its CEO explained that his company remains focused on its two corporate strategies of growing its enterprise analytics software business and “acquiring and holding bitcoin.” More Than $2 Billion Worth of Bitcoin Now in Microstrategy’s Treasury Reserves


Microstrategy Inc. announced Wednesday that “it had purchased an additional approximately 19,452 bitcoins for approximately $1.026 billion in cash at an average price of approximately $52,765 per bitcoin, inclusive of fees and expenses.” The announcement continues: As of February 24, 2021, the company holds an aggregate of approximately 90,531 bitcoins, which were acquired at an aggregate purchase price of approximately $2.171 billion and an average purchase price of approximately $23,985 per bitcoin, inclusive of fees and expenses.


The company used the proceeds from its $1.05 billion convertible note offering which it completed last week to purchase the additional bitcoins.



The pro-bitcoin CEO Michael Saylor explained that his company “remains focused on our two corporate strategies of growing our enterprise analytics software business and acquiring and holding bitcoin.”


The amount of bitcoin the company holds reaffirms its “belief that bitcoin, as the world’s most widely-adopted cryptocurrency, can serve as a dependable store of value,” Microstrategy explained.


What do you think about all the bitcoins Microstrategy has been buying? Let us know in the comments section below. Square Adds $170 Million More in Bitcoin to Balance Sheet — Company Now Holds 5% of Total Cash Reserves in BTC FINANCE | 6 hours ago Crypto Earning vs. Savings Accounts: How You Can Get Up to 17% Annually Holding Digital Assets FINANCE | 4 days ago Tags in this story michael saylor, microstrategy, microstrategy billion bitcoin, microstrategy bitcoin, microstrategy btc, microstrategy crypto, microstrategy cryptocurrency


Image Credits: Shutterstock, Pixabay, Wiki Commons Use Bitcoin and Bitcoin Cash to play online casino games here. Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments

News Feed

Jesse Coghlan5 hours agoRonaldinho denies part in alleged $61M crypto scam at congressional hearingThe former pro soccer player said in a congressional hearing that his likeness was improperly used to market an allegedly
Fidelity Launching Crypto Services in Europe, Citing ‘Significant Interest’
Fidelity Launching Crypto Services in Europe, Citing "Significant Interest" Fidelity Investments is expanding its crypto services to European clients after seeing increasing pote
Turner Wright4 hours agoBinance.US request for protective order against SEC goes to magistrate judgeThe legal team for Binance.US filed a motion for a protective order on Aug. 14, claiming it was necessary to protect the
Millions of Wix Merchants Can Now Accept 12 Different Cryptocurrencies
Millions of Wix Merchants Can Now Accept 12 Different Cryptocurrencies On Tuesday, the Atlanta-based cryptocurrency payments company Bitpay announced the Israeli software company W
Report: Quebec’s Mohawk Council of Kahnawake Seeks Energy to Power Crypto-Mining Opportunities
Report: Quebec"s Mohawk Council of Kahnawake Seeks Energy to Power Crypto-Mining Opportunities According to a report from Canada’s Local Journalism Initiative, members of th
Regulatory Roundup: Crypto Regulations Advance Despite Global Crisis, Cash Shortages, Bank Closures
Regulatory Roundup: Crypto Regulations Advance Despite Global Crisis, Cash Shortages, Bank Closures In this roundup, we cover crypto regulatory developments amid the global crisi
Why MIND of Pepe is the Best Crypto to Buy Now as Pepe Enjoys Life in Green
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Report: Saudi Arabia Exploring Possibility of Implementing Blockchain in Government
Report: Saudi Arabia Exploring Possibility of Implementing Blockchain in Government The Kingdom of Saudi Arabia is looking into the possibility of implementing blockchain technolog
Governments Need to Stop Dismissing Crypto as Illicit Payments and Reckless Speculation, Says El-Erian
Governments Need to Stop Dismissing Crypto as Illicit Payments and Reckless Speculation, Says El-Erian Mohamed El-Erian, an adviser to Allianz and Gramercy Funds
Bitcoin halving will lead to more sustainable BTC mining: Report
Zoltan Vardai13 hours agoBitcoin halving will lead to more sustainable BTC mining: ReportThe block reward halving’s impact on mining profitability could prompt Bitcoin miners to look for more sustainable energy sources
Report: Central African Banking Regulator Says Crypto Ban Still Effective
Report: Central African Banking Regulator Says Crypto Ban Still Effective An African regulator has told members of the six-nation Economic and Monetary Community of Central Africa
William Suberg9 hours agoBTC price bounces 3% post-Binance amid call for Bitcoin bulls to ‘step in’Bitcoin is due to spend some time ranging before an “impulse” move ensues, bullish BTC price analysis predicts.38