The American company MicroStrategy, a few days after the purchase of 328 BTC, bought another 205 BTC, despite the fact that the stock price of the company itself more than halved.
MicroStrategy CEO Michael Saylor said the purchase of bitcoins went at $ 48,888. However, investors seem to be losing confidence in the company. In February, the price of MicroStrategy shares reached a record level of $ 1,315. But already in the first week of March, their value fell by more than 50% from the February maximum – to $ 645.
Despite this, the company’s management decided not to sell bitcoins, but to replenish cryptocurrency reserves. Taking into account the last purchase, MicroStrategy currently owns 91,064 BTC. The company’s total investment in bitcoin was $ 2.19 billion at an average price of about $ 24,119.
MicroStrategy has purchased an additional ~205 bitcoins for ~$10.0 million in cash at an average price of ~$48,888 per #bitcoin. As of 3/5/2021, we #hodl ~91 064 bitcoins acquired for ~$2.196 billion at an average price of ~$24 119 per bitcoin. $MSTRhttps://t.co/a0BRd4Wy3r
— Michael Saylor (@michael_saylor) March 5, 2021
A few days ago, MicroStrategy acquired 328 BTC for $ 15 million in cash, despite a correction in the cryptocurrency market. Sailor said he will continue to invest in bitcoin, occasionally investing excess cash in it. In addition, depending on market conditions, the company may issue bonds or equity securities to raise capital. The proceeds MicroStrategy will invest in bitcoin.
Sailor said that he previously invested in shares of large technology companies, but investing in bitcoin looks much more attractive to him.
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