MicroStrategy Invests Another $1.03 Billion in Bitcoin!
MicroStrategy Invests Another $1.03 Billion in Bitcoin! MicroStrategy CEO Michael Saylor said in a statement last Friday that the firm has completed its $ 1.05 billion loan offer. This was interpreted as a raise that would allow the business intelligence company to buy $ 1 billion in Bitcoin.
MicroStrategy's development of business intelligence software as well as literally purchase as many Bitcoins as possible is part of their strategy.
MicroStrategy has had 71,039 coins to date.
The company estimated that the net income from the sale of the bonds would be approximately $ 1.03 billion after deducting the estimated bidding expenses.
MicroStrategy Inc stated that it has purchased about $ 1.03 billion worth or more than 19,452 Bitcoins on Wednesday (today), each with an average price of around $ 52,765.
Source:
https://www.reuters.com/
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