MicroStrategy, which is a software giant has bought Bitcoin with an additional purchase of $ 10 million of 229 Bitcoins when the price of Bitcoin plummeted. The latest purchase was made this week during the BTC price at $ 43,663 per Bitcoin.
The company that pioneered the use of Bitcoin as a bond hedge has continued to accumulate Bitcoin since August last year and has owned 92,079 bitcoins with a total investment of $ 2.251 billion. The current holding value is around $ 4.15 billion which offers them a profit of nearly $ 2 billion from their total investment.
The firm began buying Bitcoin using treasury cash and cash notes. At the same time, the firm has made it clear that they will continue to invest in crypto because they believe crypto is as much a better inflation value.
MicroStartegy announced its $ 15 million purchase of Bitcoin just a day after Elon Musk uploaded a statement expressing hostility towards crypto market players. The owners of the MicroStrategy company also insisted that they have no plans to sell Bitcoin holdings.
