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.
MicroStrategy has purchased an additional ~253 bitcoins for $15.0 million in cash at an average price of ~$59,339 per #bitcoin. As of 4/5/2021, we #hodl ~91,579 bitcoins acquired for ~$2.226 billion at an average price of ~$24,311 per bitcoin. $MSTRhttps://t.co/OMQMhA85xw
— Michael Saylor (@michael_saylor) April 5, 2021
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.