April 21, 2021

MicroStrategy Announces Purchase of Bitcoin for Another $ 15 Million

The largest cryptocurrency holder among public companies acquired 253 bitcoins at an average price of $ 59.3 thousand.

MicroStrategy bought another 253 bitcoins worth of$ 15 million at an average rate of $ 59.3 thousand. The company now owns 91.5 thousand bitcoins at an average price of $ 24.3 thousand, said its CEO Michael Sailor. MicroStrategy is the largest cryptocurrency holder among public companies.

The value of the bitcoins owned by the companySailor, as of April 5, is $ 5.2 billion, according to Bitcoin Treasuries. In total, MicroStrategy invested $ 2.2 billion in cryptocurrency.To do this, in February the company placed a bond loan for $ 1 billion with maturity in February 2027 and the possibility of early redemption of securities from February 2024.

Sailor is confident that in the future, the bitcoin rate mayreach $ 5 million, and capitalization - $ 100 trillion. The head of the company predicted that the cryptocurrency will outperform FAANG shares - technology giants Facebook, Amazon, Apple, Netflix and Google.

In second place in terms of the amount of investments in bitcoin amongpublic company is Tesla Elon Musk. In February, she announced that she had acquired cryptocurrency for $ 1.5 billion (by the current moment the amount has grown to $ 2.5 billion), and in March she announced the addition of the ability to pay for its products with bitcoins.