This is a MicroStrategy Strategy to Buy More Bitcoin (BTC) - Kakiforex.com - Financial Market Media No. 1 in the World This is a MicroStrategy Strategy to Buy More Bitcoin (BTC) This is a MicroStrategy Strategy to Buy More Bitcoin (BTC)
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June 15, 2021

This is a MicroStrategy Strategy to Buy More Bitcoin (BTC)

 MicroStrategy is probably one of the giant firms that hasn’t won a hand in making investments in Bitcoin (BTC).


Anyway, on the same day the firm reported wanting to buy Bitcoin using $ 488 million worth of profits from the sale of private offerings, it was said they would also sell its $ 1 billion worth of shares for the same reason.


Clearly the firm, they will launch a securities offering which will allow the sale of up to $ 1 billion of Class A common stock over time and the profits will be used for corporate purposes, including the addition of bitcoin assets.



For now, MicroStrategy owns a total of 92,079 Bitcoins (BTC) with a total value of around $ 3.7 billion at a current price of $ 40,392 at the time of this writing.


If MicroStrategy uses $ 1 billion to add more investment in Bitcoin, as much as around 25,000 will be added.


So it is not impossible that this firm will have Bitcoin savings reaching over $ 4 billion in the near future!


Since El Salvador made Bitcoin a legitimate tender, a ‘surprise’ by Elon Musk and an encouraging Taproot activation, Satoshi Nakamoto’s currency price has moved positively so far with a jump of over 4% in 24 hours.