MicroStrategy bought almost 17 thousand BTC for 183 million USD

  • The company announces the acquisition of over 16K BTC.
  • Buying coins enters the company’s investment strategy.
  • To date, it has spent $ 400 million on buying BTC.

The acquisition was made as part of the ongoing shift in the company’s priorities towards cryptocurrencies

A business intelligence, mobile software, and cloud services company, has acquired an additional 16,796 bitcoins while continuing to actively invest in digital assets. Last month, the public analyst firm made an even bigger investment, buying over 20,000 BTC.

Its CEO Michael Sailor tweeted that his company completed a purchase of $ 16,796 for $ 175M on September 14.

In August, the company reported its acquisition of 21,454 BTC with a combined value of 250M USD. This is the investment strategy chosen by the company that doesn’t doubt that this is the best way to preserve their assets. BTC is the most reliable for this goal.

Michael Sailor also noted:

The company says that its new purchase of BTC occurs within the framework of the aforementioned transition processes, bitcoin should benefit from what is happening. MicroStrategy calls BTC digital gold, surpassing any other money in a number of ways.

Sailor also highlights the numerous attractive characteristics of the first cryptocurrency, including global adoption, brand awareness, and the viability of the digital asset ecosystem as a whole.

However, the CEO of MicroStrategy did not always chant the praises to bitcoin – in 2013 he was sure that the days of BTC were numbered.

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