MicroStrategy Bought 500 Million Dollars of BTC!

Known for its interest in Bitcoin, MicroStrategy announced that it has purchased $500 million worth of BTC.

Microstrategy bought 500 million dollars worth of BTC. Announcing that it will sell debt bonds by making a statement in the past days, MicroStrategy announced that it has completed its purchase of Bitcoin with this decision. Since the fall in the cryptocurrency market the previous month, the company has announced that they want to buy BTC by taking this fall as an opportunity. Thus, the company began to sell bonds. MicroStrategy, which has completed the sale recently, officially announced that it has purchased BTC. The company, which currently has 91,579 BTC, has purchased Bitcoin at an average of $ 24,311. The new purchase has not been added to these lines yet. MicroStrategy stocks, which were traded at $584 with an increase of 20 percent, started to rise with this development. MicroStrategy stocks have a significant connection with Bitcoin.

Why Does Microstrategy is Interested in Bitcoin?

MicroStrategy has a major role in igniting corporate interest with its acquisitions. The CEO of the company at the time, Michael Saylor, stated that Bitcoin is a useless asset and its days are numbered. Recently, Saylor has become a full-fledged Bitcoin advocate. So much so that he participated as a speaker at the 2021 Miami Bitcoin Conference, the world's largest Bitcoin event held in the past weeks. However, it is said that MicroStrategy, which has positive thoughts about BTC investment, earned 5 times its 15-year earnings in 1 year. At the time this rumor spread, the company announced a full $ 3,578,716,599 profit from its Bitcoin investment.