MicroStrategy, which the source calls the “major corporate sponsor” of the Bitcoin cryptocurrency, is going to borrow $ 600 million to buy it. These plans of MicroStrategy were announced amid the rise in the value of Bitcoin, today exceeding $ 50,000 per unit of cryptocurrency.
The company, whose CEO Michael Saylor is one of the most ardent supporters of Bitcoin, has been steadily accumulating cryptocurrency reserves in the past year since August when it surged in value.
Recently, the growth momentum for Bitcoin was given by Tesla, having bought cryptocurrencies for $ 1.5 billion.
MicroStrategy, the world’s largest publicly traded business intelligence company, rose more than 4% after reporting plans to buy Bitcoin. For the whole of 2020, MicroStrategy shares rose 580%.
According to Reuters calculations, the company owns approximately 72,000 Bitcoin, which at the current exchange rate is close to $ 3.6 billion.
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