MicroStrategy To Buy $500 Million Worth of Bitcoin

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One of the largest Bitcoin holding corporates MicroStrategy has raised another 500 Million USDs to buy BTC. Institutional investors are very optimistic about the future of Bitcoin. MicroStrategy holds around 92,079 tokens, which are worth more than $3.8 Billion as of current market price.

In the previous announcement, MicroStrategy was planning to raise $400 Million, but now they’ve confirmed the amount to be $500 Million. After this announcement, the company shares has been surged to more than 15%.

Although the exact date for purchase is not yet revealed, the business analytics firm has shown great confidence towards Bitcoin which has impacted their net worth and share price. MicroStrategy owns more bitcoin than any publicly traded company.

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