Business intelligence firm MicroStrategy now owns 71,079 Bitcoins ($1.145 billion) after acquiring an additional $10 million worth of the flagship cryptocurrency.
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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.
Yuri MolchanMicroStrategy made a foray into the cryptocurrency market in August 2020, which turned its CEO, Michael Saylor, into one of the most influential Bitcoin evangelists.
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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.
Dan Burgin
Vladislav Sopov