Michael Saylor, the CEO of MicroStrategy, recently announced on Twitter that the company acquired an additional 155 Bitcoin (BTC) in October for $5.3 million. This acquisition brings MicroStrategy’s total Bitcoin holdings to 158,400 BTC.
Adopting Bitcoin as a primary treasury reserve asset
This move is in line with MicroStrategy’s strategy of adopting Bitcoin as a primary treasury reserve asset. The company’s significant investment in Bitcoin underscores its belief in the long-term potential of digital assets.
In October, @MicroStrategy acquired an additional 155 BTC for $5.3 million and now holds 158,400 BTC. Please join us at 5pm ET as we discuss our Q3 2023 financial results and answer questions about the outlook for #BusinessIntelligence and #Bitcoin. $MSTR https://t.co/w7eRUcGobi
— Michael Saylor⚡️ (@saylor) November 1, 2023
Answering questions about the outlook for Business Intelligence and Bitcoin
In addition to the Bitcoin acquisition, Saylor also mentioned that MicroStrategy would be discussing its Q3 2023 financial results at 5pm ET. The discussion will include answering questions about the outlook for Business Intelligence and Bitcoin.
MicroStrategy has been a pioneer in the corporate world for its substantial investment in Bitcoin. The company views Bitcoin as a dependable store of value and a attractive investment asset with more long-term appreciation potential than holding cash.
