MicroStartegy Inc., which is a supporter of Bitcoin in the corporate industry, has just announced that it has increased its holdings of Bitcoin by spending $ 15 million.
CEO Michael Saylor has been one of the crypto enthusiasts and expressed full support for Bitcoin. Bitcoin has made him even more excited as its value continues to rise.
Previously he was vocal about the importance of crypto in the future and thought the fiat currency would suffer a catastrophe in the next 8-10 years. Hence at that point the company will convert fiat to Bitcoin.
MicroStrategy once again bought an additional 253 BTC at a value of $ 59,339 per coin with the total amount reaching $ 15 million.
This brings the firm’s total Bitcoin ownership to 91,579 BTC as the fifth largest Bitcoin owner. As of April 5, MicroStrategy has 5.29 billion bitcoin holdings.
At the time of writing, BTC is trading at USD 58,798 and is virtually unchanged in a day. The price of bitcoin has risen 4% in a week and 18% in a month.
