Michael Saylor’s Strategy announced the purchase of 4,048 BTC for $449 million.
This transaction highlights the company’s continued interest in bitcoin as a long-term asset. Strategy reported that it now has 636,505 bitcoins on its balance (3% of the total cryptocurrency issue).
MicroStrategy was founded in the late 1980s as a software developer for business intelligence and corporate data management. Its founder was Michael Saylor, a graduate of the Massachusetts Institute of Technology.
5 years ago, Strategy invested $250 million in BTC. And today they have 636 thousand BTC in their wallets, while the company’s shares have soared by 2,600%.
Recently, Michael Saylor promised not to stop buying bitcoins and stated that only the one who accumulates the most of the first cryptocurrency will win in the crypto market.
