MicroStrategy today announced the addition of another 295 bitcoins to its reserves, which it managed to purchase for $10 million. At the same time, the total amount of cryptocurrency under the company's management reached 71,079 BTC worth about $2.5 billion at the current exchange rate.
"MicroStrategy purchased about 295 bitcoins for $10 million in traditional currency at an average price of $33,808 per bitcoin. We are currently selling 71,079 bitcoins purchased for $1.145 billion at an average price of $16,109 per bitcoin – " Michael Saylor, CEO of MicroStrategy, wrote on Twitter. – My formula for success is to get up early, work late, and buy bitcoin."
Similarly, MicroStrategy invested $10 million in bitcoin on January 22, adding 314 coins to its reserves. The company has been buying cryptocurrency since August 2020 as a means of protecting reserves from inflation and increasing the long-term value of assets for investors.
Earlier, Saylor said that the heads of other companies showed great interest in the educational conference organized by MicroStrategy on the topic of bitcoin. "I have never seen so many managers sign up to attend one of our events. Every company can benefit from joining the bitcoin money network, " he wrote.
MicroStrategy (NASDAQ: MSTR) shares, meanwhile, continue to rise despite the consolidation of the bitcoin market. Trading on Monday closed at a record high of $634.56, and today, before the opening of the markets, the company's securities rose by another $20.