April 25, 2024
Bitcoin

MicroStrategy has additionally invested $ 1 billion in Bitcoin

MicroStrategy has additionally invested $ 1 billion in Bitcoin

According to a statement on February 24, the company bought 19,452 BTC worth $1.026 billion.

The purchase took place at the averageprice of $ 52,765 per bitcoin.As of February 24, the company has 90,531 BTC on its balance sheet. At its current price, that's over $ 4.5 billion, with MicroStrategy's total investment in BTC at $ 2.17 billion.

Company CEO Michael Sailor said:

We already have over 90,000 bitcoins at our disposal.We believe that the most popular cryptocurrency can be a great way to store value. We will stick to our strategy and will continue to buy Bitcoin with reserve funds or issue bonds from time to time and buy Bitcoin with the proceeds.

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Based on materialswww.microstrategy.com

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