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.
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.
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.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Godfrey Benjamin
Vladislav Sopov
Dan Burgin