MicroStrategy is Planning on ‘More Creative Ways’ To Purchase Bitcoin

Tens of thousands of Bitcoin (BTC) are not enough for MicroStrategy, looking for “various approaches” to add more Bitcoin as a Treasury reserve asset. Speaking in a virtual conference on the company’s quarterly filings, MicroStrategy CEO Michael Saylor said the company would stockpile its Bitcoin stash using its excess cash as “part of their corporate strategy.”

“We will explore various approaches to acquire additional bitcoin as part of our overall corporate strategy,” Saylor said.

The publicly-traded company has already purchased over 70,000 BTC as a reserve asset in its treasury – currently worth over $2.3 billion. Recently, Michael revealed the company added $10 million worth of BTC at an average price of $31,000, further bolstering their BTC bet.

MicroStrategy’s Bitcoin strategy has molded the company into a “thought leader in the space,” creating great interest in the company. Morgan Stanley added its stake to 10.9% following the recent growth in the business intelligence firm’s stock price. Notwithstanding, Michael Saylor will be teaching an online course this February, ‘Bitcoin For Corporations’, to explain to firms how to add the asset to their Treasuries as well.

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide