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MicroStrategy will increase investment in cryptocurrency

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MicroStrategy will increase investment in cryptocurrency

MicroStrategy will increase investment in cryptocurrency to accumulate digital assets in the future according to the company’s CEO Michael Saylor, the software maker will invest additional capital to accumulate digital assets in the future.

MicroStrategy, the largest cryptocurrency holder among public companies, plans to increase investment in digital assets. This was stated by MicroStrategy CEO Michael Sailor in the company’s 2Q2021 financial statement.

“Our latest capital increase has allowed us to expand our cryptocurrency holdings, which currently exceed 105k bitcoins. In the future, we intend to continue to invest additional capital in our digital asset strategy, ” – said Sailor.

As of June 30, MicroStrategy owns 105,000 bitcoins, with a combined value of $ 2.05 billion with an impairment loss of $ 689.6 million since the acquisition. The average cost of one bitcoin in the MicroStrategy portfolio is $ 19.5 thousand.

On July 19, Michael Sailor advised Mike Tyson to invest in bitcoin. So the head of MicroStrategy commented on the post of the ex-boxer on Twitter, in which he asked his subscribers what they prefer: Bitcoin or Ethereum.

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