MicroStrategy Makes Its Largest Bitcoin Purchase Since February 2021 The company has 244,800 bitcoins worth about $14 billion.
As of Friday, MicroStrategy bought 18,300 bitcoins for about $1.1 billion. Post CEO Michael Saylor on X and the US Securities and Exchange Commission Filing. This is the largest Bitcoin purchase by the company since February 2021.
The company now has 244,800 bitcoins worth about $14 billion depending on market movements. MicroStrategy, the No. 1 bitcoin holder among public companies, has reported a 17% gain on its holdings this year.
Last month, MicroStrategy said in a Regulatory Filing It wants to sell its Class A shares to buy more bitcoin and raise up to $2 billion for general corporate purposes.
The company, which uses revenue from its software business to support bitcoin purchases, said it considers itself the world's first bitcoin development company committed to the continued growth of the bitcoin network through its activities in financial markets, advocacy and technological innovation.
Bitcoin is up 3.70% today at $59,998.60.
Saylor defines Bitcoin as an asset class similar to gold and real estate. DL News Spot was reported earlier this year after the SEC approval of Bitcoin ETFs.
“Capital will continue to flow from those asset classes into bitcoin because bitcoin is technically superior to those asset classes,” Sailer said at the time.
