March 28, 2024

MicroStrategy continues to be purchased by bitcoin

MicroStrategy continues to be purchased by bitcoin

MicroStrategy has made another, third investment in Bitcoin.This was announced by its generalDirector Michael Sailors citing reporting to the U.S. Securities and Exchange Commission (SEC).

Sailor said they invested another $50 million, enough to acquire 2,574 BTC.At the same time, the volume of cryptocurrency in the company's reserves reached 40,824 BTC.MicroStrategy unveiled its first $250 million bitcoin purchase in August, and added another $175 million the following month.

Sailor explained that the latest acquisition was in accordance with the company's reserve asset allocation strategy, in which it seeks to protect surplus capital fromThe average purchase of bitcoin in the last case was $19,427.Overall, for all three transactions, each bitcoin cost MicroStrategy an average of $11,635.At the current rate, the value of MicroStrategy's assets in bitcoin is $764 million.

In a recent interview with economist Mark Friedrich Saylorzai, he said that bitcoin is no longer subject to arguments that have been put forward against it for several years.Back.Investorprove a parallel between cryptocurrency and basketball player LeBron James, who, according to him, played since the age of 8, but achieved success only growing up.

"He was talented, but fickle.Then he grew up and from 18 to 28 tore all.People who say that bitcoin is too volatile, risk or canfall to zero, still live by the standards of 2012, 2015 or 2017"Sailor said.

Coinbase previously reported that it provided brokerage services to MicroStrategy during its first two cryptocurrency purchases.

MicroStrategy continues to be purchased by bitcoin

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