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MICHAEL SAYLOR ANNOUNCED ON TWITTER ADDITIONAL PURCHASE OF 480 BITCOIN

MICHAEL SAYLOR ANNOUNCED ON TWITTER ADDITIONAL PURCHASE OF 480 BITCOIN

MicroStrategy chief executive Michael Saylor announced on Twitter the additional purchase of 480 Bitcoins (BTC) for approximately $ 10 million, as the company remains focused on its Bitcoin strategy after speculating a margin call for a multi-million dollar loan -US $ 205.


Quick facts

MicroStrategy, a business intelligence and software company, is the largest owner of Bitcoin publicly traded.


In line with the company's latest 8-K file with the United States Securities and Exchange Commission, MicroStrategy holds about 129,699 BTC as of June 28, meaning that the latest 480 BTC purchased represents a 0.4% increase in their area. of BTC.


Euro Pacific Capital Chief Economist and gold bug Peter Schiff responded to Saylor's social media site, saying the move was an attempt to "influence the market" by showing confidence in some investors.


Bitcoin Treasuries data shows that MicroStrategy has made more than US $ 1.3 billion in paper loss in its Bitcoin holdings, as the BTC price has wandered to about US $ 20,000 since the time of publication.


MicroStrategy closed 3.45% on Wednesday on Nasdaq and lost more than 30% last month.

Source: yahoo




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