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Microstrategy Buys More Bitcoin, It Has More Corporate Bitcoin than Any Company Globally -Breaking

by Mike Robinson

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Microstrategy buys more Bitcoin and has more corporate Bitcoin than any other company worldwide

In regulatory filings with the U.S. Securities and Exchange Commission late last week, enterprise analytics company – Microstrategy (NASDAQ:) – announced that it has purchased 1,434 more for $57,477 with a total price tag of $82.4 million.

In a follow-up tweet to his 1.9 million followers, Microstrategy CEO Michael Saylor, stated that the company’s total holdings of Bitcoin now exceed 122,478 coins. That is more than three times the number of Bitcoin held by the next closest corporate investor – Tesla (NASDAQ:) – which reportedly has 38,300 Bitcoin on its balance sheet.

Saylor was an enthusiastic and vocal Bitcoin advocate since the time his company made its first investment in Bitcoin last summer. In two separate tweets following Friday’s government announcement of a 6.8% increase in the consumer price index for this November compared to last November – marking the largest inflationary increase in 40 years – Saylor wrote,

“Inflation is the problem and Bitcoin is the solution…In an inflationary environment, the best investment strategy is overweight digital property, while the best business strategy incorporates digital energy.”

To The Flipside

  • Saylor does one thing for sure: he puts his money where his mouth says.
  • Microstrategy purchased its Bitcoin assets for $3.16 billion at an average price per coin of $29861, with a total value of $5.27 Billion.

What are the reasons to care?

Even though Bitcoin has seen a double-digit decline from its all-time peak, it continues to perform well and provides annualized returns exceeding 200%.

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