In the midst of a massive correction in the price of Bitcoin, MicroStrategy, a public company from the United States, bought Bitcoin worth US $ 650 million. The super jumbo funds were obtained from the sale of corporate bonds (bonds). MicroStrategy, which since August 2020 has continued to accumulate Bitcoin for investment. This time, as of August 21, 2020, the company led by Michael Saylor bought 29,646 BTC worth of Bitcoin for US $ 650 million.
This is because MicroStrategy announced its intention to buy more Bitcoin earlier this month with the sale of bonds worth US $ 400 million to raise funds for the purchase. The bond sale ultimately resulted in US $ 650 million, which is now being used to buy the Bitcoin.
"MicroStrategy has purchased an additional 29,646 BTC worth US $ 650 million at an average price of US $ 21,925 per BTC," said Michael Saylor, CEO of MicroStrategy, Monday (21/12/2020) on Twitter.
Link Twitter michael saylor : https://mobile.twitter.com/michael_saylor/status/1341006691408752640
MicroStrategy now owns 70,470 BTC, bought at an average price per Bitcoin of US $ 15,964. This makes him the fifth largest single Bitcoin owner, one ahead of the United States government, which reportedly owns 69,420 BTC as a result of confiscated crimes. MicroStrategy began investing in Bitcoin in August 2020 with the purchase of 21,000 BTC worth US $ 250 million. At that time the company stated its intention to adopt Bitcoin as the main reserve currency as a hedge against US dollar inflation. This was followed by a further purchase of US $ 425 million in September 2020 via an over-the-counter scheme on the Coinbase crypto asset exchange. Then December 2020 bought another US $ 50 million worth of Bitcoin.
This time the CEO, Michael Saylor encouraged Elon Musk to follow in his footsteps and use BTC to replace the US dollar as Tesla's main reserve currency. This will encourage other S&P 500 companies to follow suit, ”Saylor said on Twitter, responding to Elon's statement about Bitcoin.
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