MicroStrategy Acquires An Additional $15 Million in Bitcoin 

2021-4-6 00:53

Microstrategy announced today that it purchased $15 million worth of Bitcoin. The company’s CEO, Michael Saylor, tweeted this morning that his company had bought approximately 253 BTC, bringing its total holdings to about 91,579 BTC. In his tweet, Saylor said that the company’s latest buy was at an average cost of $59,339 per Bitcoin, which is about $1,600 below the cryptocurrency’s all-time high. 

With Bitcoin prices hovering around the $59,000 mark at the time of writing, Microstrategy’s current holdings amount to more than $52 billion dollars. Since his company’s first Bitcoin purchase last August, Saylor has remained incredibly bullish on his bet. When Microstrategy’s $550 million cash reserve ran dry from purchasing Bitcoin, he raised a $650 million corporate bond to buy even more. This February, the company raised another $1.05 billion in a bonds-for-Bitcoin offering. 

Saylor Remains Incredibly Bullish on Bitcoin 

With ultra-low corporate interest rates, Saylor has stated that he would prefer to issue debt now to buy Bitcoin. It’s also been disclosed that he has a personal holding worth more than $1 billion dollars.

“The Company remains focused on our two corporate strategies of growing our enterprise analytics software business and acquiring and holding bitcoin,” said Saylor. “[We] now hold over 90,000 bitcoins, reaffirming our belief that bitcoin, as the world’s most widely-adopted cryptocurrency, can serve as a dependable store of value. We will continue to pursue our strategy of acquiring bitcoin with excess cash and we may from time to time, subject to market conditions, issue debt or equity securities in capital raising transactions with the objective of using the proceeds to purchase additional bitcoin.”

Microstrategy Shares Recover from Recent Tech Correction 

Source: MSTR on Tradingview.com 

Following a near 50% decline in stock price from recent highs, MicroStrategy’s stock has reversed from its downtrend alongside the NASDAQ Composite. Its shares traded at $720.55 today into market close. 

Featured image from UnSplash. origin »

Bitcoin (BTC) на Currencies.ru

$ 80835.97 (+0.49%)
Объем 24H $31.695b
Изменеия 24h: -3.10 %, 7d: -10.34 %
Cегодня L: $80441.76 - H: $80952.03
Капитализация $1603.501b Rank 1
Цена в час новости $ 59098.42 (36.78%)

bitcoin btc company microstrategy million approximately bought

Источник: bitcoinist.com

bitcoin btc → Результатов: 126


Фото:

El Salvador Buys The Dip Scooping Up 5 BTC — Despite IMF Pressure To Back Off Bitcoin

El Salvador bought a further 5 BTC for its national reserve, worth roughly $415,000, as the top crypto nosedived to sub-$83,000 on Monday, reversing Sunday’s price rally to $95,000. Continuing A Bitcoin Purchase Streak According to the El Salvador National Bitcoin Office, the Central American nation purchased 5 BTC, which is four more than its […]

2025-3-5 21:15


Bitcoin Market Dominance Faces a Challenge as This AI Altcoin is Set for 22,000% Gains

Many were left stunned after seeing Bitcoin (BTC) achieve milestone upon milestone but witnessing altcoins like Ethereum (ETH), Ripple (XRP), and Cardano (ADA) fail to pump by a meaningful amount. Now, after three straight months of Bitcoin (BTC) dominance, it seems the altcoin market is ready to push back with a major inflow of investments [...]

2025-2-12 02:00


MicroStrategy Strikes Again: $100 Million Bitcoin Purchase Signals Strong Market Confidence

MicroStrategy, the major enterprise software company that has evolved into a Bitcoin (BTC) investment platform, has captured attention once again with its latest purchase of $101 million in BTC. The company, led by chairman and co-founder Michael Saylor, has committed to utilizing perpetual preferred stock, common shares, and debt to fuel its ongoing Bitcoin purchasing strategy.

2025-1-7 06:00


Фото:

El Salvador now holds 6,000 BTC: can Bitcoin success story sustain?

El Salvador, the pioneering nation that made Bitcoin legal tender in 2021, has surpassed 6,000 BTC in its treasury, valued at $561.3 million as of the latest update. This milestone represents not only a strategic accumulation effort but also a bold economic experiment under President Nayib Bukele’s leadership. With a 105% unrealised return on its […]

2024-12-30 09:51


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Strategy to raise $2b via convertible notes for Bitcoin purchases

Strategy, the world’s largest corporate Bitcoin holder, plans to raise $2 billion through zero-interest convertible notes to buy more Bitcoin. A company statement dated Feb. 18 proposed offering the notes to institutional investors in a private placement, with an additional…