MicroStrategy acquired 3,000 BTC for $155 million
Michael Saylor reported that MicroStrategy has acquired 3,000 BTC. The company spent $155 million to purchase the first cryptocurrency.
MicroStrategy has additionally acquired 3,000 BTC, said the founder of the technology giant, Michael Saylor. The purchase operations were carried out in the period from February 15 to February 24, 2024.
The entrepreneur noted that the assets were purchased at an average cost of $51,813 per 1 BTC. In total, the company spent $155 million on the purchase of bitcoins.
According to Sailor, MicroStrategy now owns 193,000 BTC. The value of the company's bitcoin reserves is approximately $9.9 billion.
Representatives of the company note that the first cryptocurrency was purchased at the expense of income from MicroStrategy shares. The company's press release says about the issue and sale of 1,272,077 securities worth a total of $750 million.
Earlier, Michael Saylor said that he does not plan to sell bitcoins to MicroStrategy. According to him, the first cryptocurrency is "an exit strategy and the strongest asset." Sailor also compared the digital asset to such tech giants as Apple, Google and Microsoft.
In addition, the entrepreneur believes that the demand for bitcoin investment products is 10 times higher than the available supply on the market. As proof of his words, he cited the high demand for spot cryptocurrency ETFs approved on January 10, 2024.
Source: https://incrypted.com/microstrategy-pryobrela-3000-btc-za-155-mln/
