Bitcoin

MicroStrategy, the Virginia-based software firm known for its aggressive Bitcoin (BTC) investment strategy, has continued its acquisition spree into the new year. 
CEO Michael Saylor announced on X (formerly known as Twitter) on Tuesday that the company purchased an additional 850 BTC in January for $37.5 million. This latest acquisition was confirmed during the company’s fourth-quarter earnings presentation for 2023. 
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 In January, <a href="https://twitter.com/MicroStrategy?ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">@MicroStrategy</a> acquired an additional 850 BTC for $37.2 million and now holds 190,000 BTC. Please join us at 5pm ET as we discuss our Q4 2023 financial results and answer questions about our <a href="https://twitter.com/hashtag/bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">#bitcoin</a> strategy and business outlook. <a href="https://twitter.com/search?q=%24MSTR&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">$MSTR</a> <a href="https://t.co/j5SbcELsue" rel="nofollow" target="_blank">https://t.co/j5SbcELsue</a> 
 — Michael Saylor<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/26a1.png" alt="⚡" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@saylor) <a href="https://twitter.com/saylor/status/1754976122607980726?ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">February 6, 2024</a>
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The company’s <a href="https://crypto.ro/en/cryptocurrencies/bitcoin/">BTC</a> portfolio now boasts a staggering 190,000 BTC, valued at $8.2 billion at current market prices. MicroStrategy’s foray into Bitcoin began in August 2020, with the intention of offering shareholders enhanced returns as the company held significant cash reserves. 
<img loading="lazy" decoding="async" class="size-full wp-image-30105 alignnone" src="https://crypto.ro/en/wp-content/uploads/2024/02/photo_2024-02-07_13-35-21.jpg" alt="photo 2024 02 07 13 35 21" width="1274" height="666" title="MicroStrategy bolsters Bitcoin holdings with additional 850 BTC purchase 13" srcset="https://crypto.ro/en/wp-content/uploads/2024/02/photo_2024-02-07_13-35-21.jpg 1200w, https://crypto.ro/en/wp-content/uploads/2024/02/photo_2024-02-07_13-35-21-300x157.jpg 300w, https://crypto.ro/en/wp-content/uploads/2024/02/photo_2024-02-07_13-35-21-1024x535.jpg 1024w, https://crypto.ro/en/wp-content/uploads/2024/02/photo_2024-02-07_13-35-21-768x401.jpg 768w, https://crypto.ro/en/wp-content/uploads/2024/02/photo_2024-02-07_13-35-21-750x392.jpg 750w, https://crypto.ro/en/wp-content/uploads/2024/02/photo_2024-02-07_13-35-21-1140x596.jpg 1140w" sizes="(max-width: 1274px) 100vw, 1274px"> 
Saylor has championed BTC as the safest long-term investment and a hedge against inflation. He has often referred to the leading cryptocurrency as “digital gold” and a “bank in cyberspace,” underscoring his belief in its enduring value. 
Following its Bitcoin strategy, MicroStrategy’s stock has seen a remarkable surge, climbing 240% since the company started investing in the cryptocurrency. 
<img loading="lazy" decoding="async" class="size-full wp-image-30106 alignnone" src="https://crypto.ro/en/wp-content/uploads/2024/02/photo_2024-02-07_13-36-36.jpg" alt="photo 2024 02 07 13 36 36" width="737" height="491" title="MicroStrategy bolsters Bitcoin holdings with additional 850 BTC purchase 14" srcset="https://crypto.ro/en/wp-content/uploads/2024/02/photo_2024-02-07_13-36-36.jpg 737w, https://crypto.ro/en/wp-content/uploads/2024/02/photo_2024-02-07_13-36-36-300x200.jpg 300w" sizes="(max-width: 737px) 100vw, 737px"> 
The discussion on BTC’s value is especially pertinent in the lead-up to the Bitcoin network’s halving event scheduled for April. This event will halve the rewards for Bitcoin miners, potentially making the cryptocurrency more scarce and, as some experts predict, more valuable. 
Saylor has consistently told the news media that he expects the halving to positively impact Bitcoin’s price, a prediction that finds support in the cryptocurrency’s historical performance post-halving. 
With its substantial Bitcoin holdings, MicroStrategy remains the largest public corporate holder of BTC, solidifying its position at the forefront of corporate investment in digital assets.

MicroStrategy bolsters Bitcoin holdings with additional 850 BTC purchase

crypto.ro global

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