Michael Saylor's firm, Strategy, formerly MicroStrategy, has made a significant Bitcoin investment by acquiring 4,225 BTC. The company now holds the largest corporate Bitcoin reserves globally.
A Long Journey Since 2020
Strategy began its Bitcoin acquisition on August 11, 2020. Since then, the firm has invested over $42.87 billion in this asset. The aim is to purchase 21 million coins for $21 million each over the next 21 years.
Stock Sales Fund BTC Purchases
This recent investment has been partly funded by selling various company shares, predominantly through MSTR stock, raising around $330.9 million. Notably, the firm's Vice President sold 62,500 MSTR shares worth approximately $25.7 million just prior to the purchase.
Evolution of Corporate Bitcoin Acquisition
With the rise of spot ETFs, corporate Bitcoin acquisitions have become more commonplace. Now, such actions are seen as a positive signal for investors. Companies like Japan's Metaplanet and others are also investing in Bitcoin, indicating increasing interest in this cryptocurrency.
Strategy, led by Michael Saylor, has initiated a corporate trend of investment in Bitcoin that is gaining traction worldwide. More companies are viewing this cryptocurrency as a viable asset for future investments.
