As we all know MicroStrategy has vowed to accumulate their Bitcoin holdings and maximise their Bitcoin portfolio. Michael Saylor has announced that they have recently purchased a massive amount of Bitcoin over the past week. Saylor mentioned that MicroStrategy had purchased a total of 19,452 Bitcoins this week, worth over £1 billion. They now hold approximately £3,211,425,000’s worth in total.

“MicroStrategy has purchased an additional ~19,452 bitcoins for ~$1.026 billion in cash at an average price of ~$52,765 per Bitcoin.

As of 2/24/2021, we hodl ~90,531 Bitcoins acquired for ~$2.171 billion at an average price of ~$23,985 per Bitcoin.”

A statement was released on the MicroStrategy’s site, Saylor mentions that MicroStrategy is still bullish on the King Bitcoin and plans to purchase even more Bitcoin.

“The company now holds over 90,000 Bitcoins, reaffirming our belief that Bitcoin, as the world’s most widely-adopted cryptocurrency, can serve as a dependable store of value. We will continue to pursue our strategy of acquiring Bitcoin with excess cash and we may from time to time, subject to market conditions, issue debt or equity securities in capital raising transactions with the objective of using the proceeds to purchase additional Bitcoin.”

Even though Bitcoin is currently trying to overcome the dip in price, Saylor recently stated that he believes over the long term, Bitcoin’s volatility is insignificant.

“The company now holds over 90,000 Bitcoins, reaffirming our belief that Bitcoin, as the world’s most widely-adopted cryptocurrency, can serve as a dependable store of value. We will continue to pursue our strategy of acquiring Bitcoin with excess cash and we may from time to time, subject to market conditions, issue debt or equity securities in capital raising transactions with the objective of using the proceeds to purchase additional Bitcoin.”

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