Microstrategy also bought $ 1.026 billion worth of bitcoin, bringing the total number of bitcoins accumulated to around 90,531. The CEO said his company continues to focus on his 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 on Wednesday that “the company has purchased approximately an additional 19,452 bitcoins for approximately $ 1.026 billion in cash at an average price of approximately $ 52,765 per bitcoin, including fees and charges.” The announcement continues:
As of February 24, 2021, the company holds a total of approximately 90,531 bitcoins, which were purchased for a total purchase price of approximately $ 2.171 billion and an average purchase price of approximately $ 23,985 per bitcoin including fees and expenses.
The company used the proceeds from its $ 1.05 billion convertible bond offering that it completed last week to buy the additional bitcoins.
Pro-Bitcoin CEO Michael Saylor stated that his company “continues to focus on our two corporate strategies of growing our enterprise analytics software business and acquiring and holding Bitcoin.”
The amount of bitcoin the company has at its disposal confirms its “belief that bitcoin, the world’s most widely used cryptocurrency, can serve as a reliable store of value,” said Microstrategy.
What do you think of all the bitcoins Microstrategy bought? Let us know in the comments below.
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