Bitcoin
MicroStrategy Dumps Over $1 Billion on Bitcoin, Now Holds $4.78 Billion BTC
MicroStrategy Dumps Over $1 Billion on Bitcoin, Now Holds $4.78 Billion BTC
MicroStrategy, a business intelligence firm, announced it has purchased another 19,452 Bitcoin worth $1.026 billion.
The company joined Square and other companies that bought the dip witnessed earlier this week after Elon Musk, Bill Gates and Janet Yellen commented on the fast-rising digital currency.
MicroStrategy now holds 90,531 Bitcoin worth $4.78 billion, more than Elon Musk’s Tesla acquisition of $1.5 billion.
Michael Saylor, the Chief Executive Officer (CEO), MicroStrategy continues to pursue a coin acquisition strategy now codified in the business intelligence company’s mission.
Square purchased 3,318 Bitcoin at an estimated $170 million value on Tuesday when the world’s most dominant cryptocurrency dipped to $45,000 before rebounding to the current level.
Bitcoin presently trading at $49.233.71 per coin as of the time of writing.