MicroStrategy has purchased an additional 16,769 Bitcoins (BTC) worth $175 million to own a total of 38,250 BTC. Previously, the mobile intelligence and software company acquired 21,454 BTC. The company’s founder and CEO, Michael Saylor, also revealed in a that the acquisition occurred on the 14th of September.
On the same day, MicroStrategy’s board of directors adopted a new treasury reserve policy. According to a with the US SEC, the company elected Bitcoin as its primary reserve asset. The filing also said that MicroStrategy may add to its BTC reserves in the future.
In reaction to MicroStrategy’s new acquisition, Grayscale founder Barry Silbert said in a:
tweet declared $4.1Image Credits: Pixabay
