The Nasdaq-listed company recently announced it added another 5,050 Bitcoin to its coffers for about $242.9 million.
Nasdaq-listed Microstrategy has purchased 5,050 more bitcoins for $243 million, raising its total bitcoin holdings t
The company’s Q3 Bitcoin spend now stands at almost $420 million following this latest BTC acquisition.
Nasdaq-listed company Microstrategy has avoided a “multi-billion dollar mistake” by choosing to invest in bitcoin instead of gold. The company now holds about 108,992 bitcoins. ‘Multi-Billion Dollar M
The bullish setup has appeared after MSTR’s increasingly positive correlation with Bitcoin, the flagship cryptocurrency that has surged 339% year-on-year and is now struggling to close above $50,000.
MicroStrategy’s Bitcoin holdings are now worth more than $5.3 billion at the current BTC price.
As of June 30, 2021 MicoStrategy held an approximated 105,085 BTC with a carrying value of $2.051 billion, at a total impairment loss of $689.6 million since acquisition of the digital asset.
The MicroStrategy boss thinks Bitcoin is a form of property and points out that the U.S. government is not threatened by other forms of property.