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MicroStrategy Acquires Additional 19,452 Bitcoins for $1.026 Billion

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In its latest buying round, the business intelligence firm has acquired additional 19,452 Bitcoins valued at about $1.026 billion. The 19,452 Bitcoin was bought for approximately  $52,765 per Bitcoin.

MicroStrategy has accumulated over 90,531 Bitcoin at press time. With the digital asset now trading at over $53,000, MicroStrategy’s Bitcoin stash is valued at over $3.7 billion.

The Company made a Press Release on the latest buy on 24th Feb 2021 followed by a tweet by its CEO @micheal_saylor in regards to the bitcoin purchase.

“The Company remains focused on our two corporate strategies of growing our enterprise analytics software business and acquiring and holding bitcoin,” said Michael J. Saylor, CEO, MicroStrategy.

MicroStrategy Incorporated is a tech company that provides business intelligence, mobile software, and cloud-based services. Was founded in 1989 by Michael J. Saylor and Sanju Bansal. The firm develops software to analyze internal and external data to make business decisions and to develop mobile apps. 

MicroStrategy has since grown to be the largest independent publicly-traded business intelligence company, with a leading enterprise analytic platform. Where its vision is to enable Intelligence Everywhere.

MicroStrategy provides modern analytics on an open, comprehensive enterprise platform used by many of the world’s most admired brands around the globe.

Optimized for cloud and on-premises deployments, the platform features HyperIntelligence, a breakthrough technology that overlays actionable enterprise data on popular business applications to help users make smarter, faster decisions.

MicroStrategy, HyperIntelligence, and Intelligence Everywhere are either trademarks or registered trademarks of MicroStrategy Incorporated in the United States and certain other countries.

There is a maximum supply of 21,000,000 bitcoin and currently 18,636,931.25 bitcoins in existence. This number changes about every 10 minutes when new blocks are mined which when verified becomes a Bitcoin transaction and is then added to the blocks of the Bitcoin blockchain.

Right now, each new block adds 6.25 bitcoins into circulation. 

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Data Scientist, Tech Enthusiast and a Crypto Lover