MicroStrategy keeps its promise and buys another 17,000 Bitcoin

According to Barry Silbert, MicroStrategy is competing with Grayscale for the acquisition of Bitcoin

MicroStrategy acquired 16,796 Bitcoin (BTC) more for $ 175 million, in addition to its previous purchase of 21,454 BTC.

Now, he owns 38,250 Bitcoin, according to his latest disclosure to the United States Securities and Exchange Commission (SEC). This happened on the same day that its board of directors made cryptocurrency its main treasury reserve asset.

It was also indicated that the company could increase its Bitcoin reserves in the near future. The company’s CEO, Michael J. Slayer, also reiterated the same information in a tweet today.

MicroStrategy’s board of directors makes Bitcoin its main reserve currency and may increase its holdings beyond $ 250 million

Grayscale founder Barry Silbert reacted to the news with a tweet of his own, commenting on the race between the two companies to acquire Bitcoin.

Observers on Twitter noted that MicroStrategy appears to have had an average dollar cost of $ 11,111.11 per Bitcoin.

However, Grayscale’s Bitcoin Trust is way ahead of the game, currently holding over 400,000 Bitcoin. MicroStrategy will have to catch up.

Reference: es.cointelegraph.com

Disclaimer: This press release is for informational purposes information does not constitute investment advice or an offer to invest. The views expressed in this article are those of the author and do not necessarily represent the views of infocoin, and should not be attributed to, Infocoin.

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