April 21, 2021

MicroStrategy has invested over $ 1 billion in bitcoin.

MicroStrategy has invested over $ 1 billion in bitcoin.

On Monday, December 21, MicroStrategy announced the acquisition of 29,646 bitcoins worth about $ 650 million.Thus, in 2020, the company's investment in bitcoin exceeded $ 1 billion.

Earlier this month, MicroStrategy raised $ 650 million through the sale of senior convertible notes - the entire amount was used to buy bitcoins.

"The statement on the acquisition of additional bitcoins" once again confirms our belief that bitcoin, as the most common in the world of the cryptocurrency, is a real currency, - reported in the company.

MicroStrategy currently holds 70,470 bitcoins, purchased at an average price of around $ 15,964. At the time of writing, bitcoin is trading at around $ 22,700.

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Fong Le, President and Chief Financial OfficerMicroStrategy, said the company remains confident that "bitcoin can provide even more profit opportunities and, in the long term, better preserve the cost of capital than fiat money."

MicroStrategy announced purchase of 21,454 in AugustBTC for $ 250 million as part of its capital allocation strategy. Later, the company acquired another 16 796 BTC for $ 175 million. The purchase of the cryptocurrency was carried out through the brokerage platform of the American cryptocurrency exchange Coinbase.

MicroStrategy has invested over $ 1 billion in bitcoin.

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