MICROSTRATEGY BOUGHT ALMOST 17 THOUSAND BITCOINS FOR $ 183 MILLION

Posted 15 September, 2020

The purchase was made as part of the ongoing shift in the company's priorities towards cryptocurrencies

 

Microstrategy, a business intelligence, mobile software and cloud services company, has acquired an additional 16,796 bitcoins while continuing to actively invest in digital assets. The public analyst firm made an even bigger investment last month, buying over 20,000 BTC.

 

MicroStrategy CEO Michael Sailor tweeted that his company completed a purchase of $ 16,796 for $ 175 million (at the time of the coin) on September 14.

 

In August, the company reported the acquisition of 21,454 BTC for a combined $ 250 million. These purchases are being made in full accordance with the investment strategy of the firm, which considers Bitcoin to be a reliable store of value and an attractive investment asset. Michael Sailor also noted:

 

"To date, we have purchased a total of 38,250 bitcoins for $ 425 million, including all fees and costs." wrote Michael Sailor.

 

On the crest of a virtual wave

 

Back in 2012, Sailor wrote about the so-called “mobile wave,” which spoke of the impact that mobile computers have on business and politics. Then the company focused on the "virtual wave", which personified the rapid dematerialization of products, services and processes through the development of technology. By the way, this process has significantly accelerated this year due to the global lockdown amid the coronavirus pandemic.

 

The company argues its new purchase of bitcoins with the belief that within the framework of the aforementioned transition processes, bitcoin should benefit from what is happening. MicroStrategy calls BTC digital gold, surpassing any other money in a number of ways.

 

Sailor also highlights the numerous attractive features of the first cryptocurrency, including global acceptance, brand awareness, and the viability of the digital asset ecosystem as a whole.

 

However, the CEO of MicroStrategy did not always sing an ode to bitcoin - in 2013 he was sure that the days of BTC were numbered.

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