Recall that Microstrategy in August and October acquired $250m and $175m Bitcoin assets. A month later, the company is adding another Bitcoin investment worth $500m worth of Bitcoin.
In a recent announcement by the CEO, Micheal Saylor, he announced that the Business intelligence firm is betting again on Bitcoin. He is quoted to say, Bitcoin is the “most rational” vessel for value storage anywhere in the world.
According to updates, the new purchase will make the firm’s Bitcoin worth a whopping 40 824 Bitcoins. The first mention of Bitcoin on behalf of the firm was July 2020. Since Saylor announced the company’s interest, the share has grown by 170%. Hence, some refer to the MicroStrategy, a de-facto Bitcoin ETF.