Michael Saylor's Company Owns 105.085 Bitcoins!

This company owns Bitcoin as much as 105,085 BTC (Bitcoin Reserve)

JAKARTA – The CEO of MicroStrategy, Michael Saylor, informed that his company has now purchased 13.005 BTC of Bitcoin cryptocurrency. This adds to the collection of Bitcoin holdings to 105.085 BTC.

MicroStrategy has reportedly spent USD 489 million (approximately IDR 7.2 trillion) to buy 13.005 Bitcoins. According to DailyHodl, the software company has already spent around USD 37.617 for each new Bitcoin purchase.

Of the total, MicroStrategy said that it bought Bitcoin at a price of USD 26.080 (IDR 405 million), where the purchase had started last year.

“As of June 21, 2021, MicroStrategy has an aggregated purchase price of approximately 105.085 bitcoins, earned at an aggregate purchase price of approximately USD 2.741 billion and an average purchase price of approximately USD 26,080 per Bitcoin, including fees and expenses”.

The software company's ambition is to buy as much Bitcoin as possible. This can be seen after some time ago MicroStrategy planned to sell its debt securities to buy Bitcoin.

“MicroStrategy pursues two corporate strategies in running its business. One strategy is to acquire and hold Bitcoin, and the other strategy is to grow our company's analytics software business", the company said.

In 2021, MicroStrategy plans to fulfill its first strategy, which is to meet their Bitcoin ownership target.

“In the first quarter of 2021, we are determined to pursue as part of our overall corporate strategy, a strategy to acquire Bitcoins with our liquid assets in excess of working capital requirements, and from time to time, depending on market conditions, issue debt or equity securities. in capital-raising transactions with the aim of using the proceeds to buy Bitcoin”.