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

Nigerian Central Bank Says It Will Release New Banknotes in December — Naira Falls to New Low
Nigerian Central Bank Says It Will Release New Banknotes in December — Naira Falls to New Low Starting December 15, Nigerians will be using newly-designed 100, 200, 500 and 1,000
Malaysian Thieves Drill Through Wall to Steal 85 Crypto Machines
Malaysian authorities have apprehended five men charged with stealing 85 bitcoin machines. The police captured the men in a police raid on Nov. 2. The Sun Daily reports that four me
Canada’s Tiff Macklem Insists ‘Rate Increases Are Warranted,’ Canadian Columnist Says Central Bank’s Governor ‘Needs to Go’
Canada"s Tiff Macklem Insists "Rate Increases Are Warranted," Canadian Columnist Says Central Bank"s Governor "Needs to Go" Canadians have been dealing with rising inflation and th
Derek Andersen4 hours agoChina opens industrial park for digital yuan CBDC development in ShenzhenThe government is incentivizing new residents to come develop payment solutions, smart contracts, hard wallets and promoti
Fuzzle NFT Game is Landing on Planet Earth
Fuzzle NFT Game is Landing on Planet Earth press release PRESS RELEASE. PLANET EARTH (April 27, 2022) – Gala Gameshas teamed up with Endless AI to introduce Fuzzle– a
CFTC Chairman: US Must Lead the World in Crypto With Less Restrictive Rules
CFTC Chairman: US Must Lead the World in Crypto With Less Restrictive RulesThe chairman of the Commodity Futures Trading Commission (CFTC) has called on other regulators to establis
Amaka Nwaokocha1 hour agoRipple exec and XRP community back SEC commissioner’s LBRY lawsuit dissentStuart Alderoty thanked Hester Peirce and suggested it might be time to submit an amicus brief.726 Total views6 Total s
UniLend V2 Launched: Becomes 1st True Permissionless Lending and Borrowing Protocol
UniLend V2 Launched: Becomes 1st True Permissionless Lending and Borrowing Protocol press release PRESS RELEASE.Launching its much awaited V2 testnet on the Goerli chain today, UniL
Binance Becomes Official Sponsor of the TotalEnergies Africa Cup of Nations (AFCON 2021)
Binance Becomes Official Sponsor of the TotalEnergies Africa Cup of Nations (AFCON 2021) sponsored Binance is thrilled to announce that it is an official sponsor of the 2021 TotalEn
South African Crypto Token Holders Concerned About Status of Funds, Unable to Withdraw as Promised
South African Crypto Token Holders Concerned About Status of Funds, Unable to Withdraw as Promised A group of South African cryptocurrency investors have voiced concerns about the
Indian Central Bank RBI: Cryptocurrencies Are a Clear Danger — Financial Stability Risks Likely to Grow
Indian Central Bank RBI: Cryptocurrencies Are a Clear Danger — Financial Stability Risks Likely to Grow India’s central bank, the Reserve Bank of India (RBI), sees cryptoc
Bitcoin ETF Approved: First North American Bitcoin ETF Set to Trade on Toronto Stock Exchange
Bitcoin ETF Approved: First North American Bitcoin ETF Set to Trade on Toronto Stock Exchange The first bitcoin exchange-traded fund (ETF) in North America has b