MicroStrategy Buys Another $15 Million Worth of Bitcoin in Cash - TCR

• MicroStrategy purchased 271 bitcoins worth $15 million at an average price of $55,378 per bitcoin
• The CEO believes that bitcoin is the most powerful and disruptive technology
• The board of directors in MicroStrategy is paid in bitcoin

In a recent tweet, Michael Saylor announced that MicroStrategy had acquired 271 bitcoins worth $15 million at an average price of $55,378 per bitcoin.

MicroStrategy Now Holds a Total of 91,850 BTC

The company holds 91,850 bitcoins acquired at $2.241 billion and an average price of $24,403 per bitcoin. MicroStrategy is the largest independent publicly traded business intelligence firm, with the leading enterprise analytics solutions. MicroStrategy provides modern analytics on an open, comprehensive enterprise platform used by many of the world’s most admired brands in the Fortune Global 500. Founded in 1989, Michael Saylor is the Chairman and CEO of MicroStrategy. 

Saylor Held a Conference to Explain the Benefit of BTC in Portfolios

In a tweet by Michael Saylor in April, he explained why bitcoin is a revolutionary asset. He also believes that bitcoin is the most powerful and disruptive technology of all time. He also feels that it may enhance the health and prosperity of both the US and the entire world. Back in February 2021, the CEO hosted a “Bitcoin for Corporations” conference. The main aim of the meeting was to explain the benefit of Bitcoin for their portfolios to other corporate executives. 

Saylor also believes that 2021 is ‘Year One’ of Bitcoin Institutional Investments.’ Year zero’ started from March 2020 to February 8, 2021, when Tesla heavily invested in bitcoin. Back in April, Saylor also announced that the board of directors in MicroStrategy is paid in bitcoin. Saylor’s strategies indicate that he is exceptionally bullish on bitcoin and believes in its true potential.