Nasdaq-listed Bitcoin software development and business intelligence company MicroStrategy continues to strengthen its Bitcoin investment strategy, acquiring over 12.000 BTC in the second quarter.
MicroStrategy CEO Michael Saylor has reported on his official X account that his business intelligence company made a nearly $12 million investment in Bitcoin in July. This latest investment represents another significant step in the company’s Bitcoin acquisition strategy.
Founded in 1989 as a software company that enables businesses to create reports and analyze data, MicroStrategy has become a global leader in Bitcoin accumulation since converting virtually all of its surplus cash into the cryptocurrency in August 2020.
Since then, the Saylor-led business intelligence firm has been making recurring purchases of Bitcoin, accumulating more than $8.300 billion worth of BTC to date.
MicroStrategy acquired over 12.000 BTC in QXNUMX
In its most recent financial report, MicroStrategy revealed that it acquired a total of 12.222 BTC since the start of QXNUMX, which represents an investment of approximately $805,2 million dollars. According to the report According to the company, bitcoins were purchased at an average price of $65.882 per unit.
This acquisition has brought the total bitcoins held by the company to 226.500 BTC, which is currently valued at around $14.400 billion USD. As mentioned above, MicroStrategy has invested just over $8.300 billion USD in the Bitcoin purchase, leaving it with an impressive unrealized gain of around $6.000 billion USD, as of today.
Regarding this investment strategy, Saylor has stated that the focus on Bitcoin not only represents a financial move, but also a statement of principles about the future of finance and technology.
The world's first public company to hold 226.500 bitcoins in its treasury
MicroStrategy’s current 226.500 bitcoins in its treasury underscore its commitment to the market-leading cryptocurrency.
MicroStrategy believes in Bitcoin as a strategic financial asset, which has led it to lead the way in investing in this cryptocurrency, serving as an example for other companies to adopt similar strategies and integrate digital assets into their corporate portfolios.
MicroStrategy CEO Phong Le has expressed optimism about the future of Bitcoin and its growing acceptance in the corporate arena. “We are extremely optimistic about the improved understanding of Bitcoin and the growing support for the ecosystem from bipartisan politicians and institutions,” Le said, highlighting the current favorable environment for the adoption of digital assets.
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