As well as other big bookies who have bought cryptocurrencies in large numbers. MicroStrategy announced that it just bought another 328 bitcoins for US $ 15 million.
So far the company has 90,859 Bitcoin coins. According to Reuters calculations, the company’s Bitcoin holdings are worth US $ 4.38 billion as quoted Tuesday (2/3/2021).
Over the past year, MicroStrategy has been aggressively collecting Bitcoin. The company made its first investment last August. Meanwhile, last week the company also bought 19,453 Bitcoin worth US $ 1.03 billion.
MicroStrategy CEO Supporting Bitcoin
This MicroStrategy insane purchase seems to be thanks to the support of the CEO, Michael Saylor. He is known to be the most outspoken Bitcoin proponent of all time. Michael is also confirmed to buy Bitcoin, which the average price is US $ 45,710.
A number of large companies have indeed flocked to buy Bitcoin. One of them was Tesla, who bought US $ 1.5 billion.
Tesla also opened a payment option for its company’s products using Bitcoin. Apart from Tesla, there are BNY Mellon, BlackRock Inc and Mastercard Inc which also support the cryptocurrency.
For information, last Monday the price of Bitcoin rose by almost 6%. This is because risk assets strengthened after the bond decline last week.