MicroStrategy Invested Another $15 M in BTC

by in Cryptocurrency News

Microstrategy investment April

Another time, business analytics platform Microstrategy invested $15 million in Bitcoin by acquiring 253 coins. The company announced the news via a blog post on April 5.

Related: GrayScale Intends to Change Its BTC Trust Into an ETF

Thus, the total sum of the firm in BTC surpassed $5.4 B.

Michael Saylor, the CEO of MicroStrategy wrote on Twitter that the company now owns 91,579 Bitcoins traded for a total of $2.226 billion. The average price spent on one BTC is $24,311. This means MicroStrategy's investment brought 144% profit.

Saylor is a huge Bitcoin supporter. He says BTC is digital gold and a safe haven asset. The businessman believes in the future the cryptocurrency will cross $5 million with a market cap higher than $100 trillion. Besides, according to Saylor, Bitcoin will get ahead of the stocks of the five most popular and best-performing American technology companies: Facebook, Amazon, Apple, Netflix, and Google.

Currently, the leading cryptocurrency trades at above $58.600 with a market cap of over $1 trillion.