Business analytics company MicroStrategy has acquired an extra 328 bitcoins for nearly $15 million. This will be the first acquisition of the crypto currency by the corporation in March, after the publicly held corporation invested billions of dollars to purchase Bitcoin in February of this year.
MicroStrategy owns approximately 90,859 bitcoins bought for approximately $2,186 billion at an average price of $24,063 per bitcoin.
The acquisition comes after Michael Saylor, CEO of MicroStrategy, said that the company will continue to purchase the digital currency. This may be due to the fact that the company finds Bitcoin to be a commodity that could function as a “reliable store of value.” Saylor said in a statement at the time:
“The company remains focused on our two corporate strategies of growing our enterprise analytics software business and acquiring and holding bitcoin.”
A day before the purchasing of Bitcoin on 24 February, Saylor estimated that 7-8 billion people would soon have a “digital gold bar” on their computer that they would use to store their “life savings.” Saylor also said that people were not aware of the fact that “Bitcoin is an egalitarian radical invention” that could outperform a number of tech companies.
There’s no question that Saylor, a bitcoin maximalist and hodler himself, will lead the organisation to buy more bitcoin. Reaffirming his position on the Saylor commodity also claimed that “the planet wants” Bitcoin and expects “billion users” to use Bitcoin as a “savings account” on cell phones within five years. At press time, BTC stood at $48,037.94, up 9.1 per cent in the last 24 hours.
380 Interactions, 10 today