MicroStrategy Purchases $10 Million in Bitcoin

Michael Saylor, CEO of the American company MicroStrategy, announced that they invested 10 million dollars in bitcoin on their social media account twitter.

Bitcoin move from MicroStrategy; the company has 129,699 BTC! The price of Bitcoin (BTC), the cryptocurrency leader, fell below the $ 20,000 level. After this decline that unsettled investors, attention turned to the companies that hold the most Bitcoin in their portfolio. The first name in the first row of these companies was MicroStrategy. This level of BTC brought along many discussions. It was claimed that this company, which provides business intelligence, mobile software and cloud-based services using BTC-collateralized loans, faced the risk of liquidation due to the BTC decline and could start BTC sales. The global software giant underlined that there is no risk of liquidation against these allegations. He emphasized that they will continue to add Bitcoin collateral in case of any negativity. These statements caused some relief about the cryptocurrency market. In addition, CEO Michael Saylor often stated that they trust Bitcoin, the cryptocurrency leader. The company has made a move that justifies their stance against all these claims. MicroStrategy announced on its social media account that it bought another 480 BTC (about $10 million) at an average price of $20,817. https://twitter.com/saylor/status/1542117682207678465?cxt=HHwWgoCznZH32eYqAAAA After the BTC purchase, the amount of Bitcoin on the MicroStrategy balance sheet increased to 129,699. The cost of BTC, equivalent to $ 3.98 billion owned by MicroStrategy, fell to $ 30,644 per BTC with the latest purchase price.