MicroStrategy Inc., a US-based software firm, has made its latest move in the world of cryptocurrencies by purchasing approximately 20,356 bitcoins between February 18th and 23rd. The recent investment was facilitated through a zero-coupon convertible bond offering that yielded around $1.9 billion.
Following this purchase, MicroStrategy’s total bitcoin holdings have surpassed $47.4 billion. This significant acquisition comes on the heels of CEO Michael Saylor’s call for the US government to create a strategic bitcoin reserve. As reported earlier, Saylor expressed his preference for having a stable and secure store of value in bitcoin during a recent address.
With this latest development, MicroStrategy has reaffirmed its commitment to the growing world of cryptocurrency.
Source: https://www.marketwatch.com/story/microstrategy-now-owns-47-4-billion-worth-of-bitcoin-after-latest-purchases-dfef1f29