BREAKING: MicroStrategy Adds Another $10 Million Worth of Bitcoin

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Tue, 02/02/2021 - 13:48
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Alex Dovbnya
MicroStrategy has acquired $10 million worth of Bitcoin once again
BREAKING: MicroStrategy Adds Another $10 Million Worth of Bitcoin
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Business intelligence firm MicroStrategy now owns 71,079 Bitcoins ($1.145 billion) after acquiring an additional $10 million worth of the flagship cryptocurrency.

As reported by U.Today, the publicly-traded company disclosed a purchase of the same size on Jan. 22. Prior to that, it raised $650 million via convertible debt in December to increase its Bitcoin holdings.

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MicroStrategy Acquires Another $650 Million Worth of Bitcoin

MicroStrategy made a foray into the cryptocurrency market in August 2020, which turned its CEO, Michael Saylor, into one of the most influential Bitcoin evangelists.

This week, the company will hold its "Bitcoin for Corporations" event to convince more companies to follow in its footsteps by investing in the cryptocurrency.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.

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