MicroStrategy sets a millionaire investment for bitcoin
650 million dollars through promissory notes is part of the figure that the technology company handles for the purchase
The business intelligence OLAP software company, MicroStrategy, continues to join forces and continue with its millionaire investment to protect its capital by trading it in bitcoin.
Through a press release, the company reported that initially it had an investment of USD 400 million, later it had USD 550 million. At that time, the first buyer placed an option to add $ 100 million to his first purchase, bringing the total to USD 650 million.
The investment, which has been made through promissory notes, has been an initiative of the company to buy more bitcoin, thus achieving exposure to the digital currency through a regulated investment instrument and traded on the stock market.
The main objective of MicroStrategy is to defend bitcoin by assuming the role of store of value for the benefit of the company.
With its latest acquisition of USD 50 million in the pioneering digital currency, the company now has a reserve of 40,824 BTC, which is worth close to USD 800 million.
K.Villarroel
Source: iproup
