MicroStrategy Bent On Increasing Bitcoin Bet After 9,000 BTC Purchase, Says CEO

MicroStrategy has been bullish from the start evidenced by its bitcoin purchases. The firm owns over 110 bitcoins and has deepened its crypto bet at various times during the past year. The tech firm has continuously raised money at various points to purchase more BTC to add to its balance sheet and there is no sign of stopping anytime soon according to CEO Michael Saylor. Saylor has, numerous times, reiterated the company’s bullish stance on BTC. The CEO himself is a bitcoin maximalist with a personal and corporate stake in the digital asset. The company has so far raised almost $400 million to fund its purchases this year and has seen tremendous gains from its investment. Related Reading | Bitcoin Exchange Balances Decline To Three-Year Low Amid Rising Prices MicroStrategy Buys 9,000 BTC MicroStrategy once again raised its bitcoin bet with its most recent purchase. In October, the company announced that it had purchased an additional 9,000 BTC to its already impressive holdings. MicroStrategy had taken its usual route to purchase its latest lot of the digital asset, staking that the purchase was made possible by “successfully raising capital in the quarter through our at-the-market equity offering.” BTC trading above $62K | Source: BTCUSD on TradingView.com The latest purchase brings MicroStrategy’s BTC holdings to a total of 114,042 BTC. The company is still long on the digital asset after CEO Michael Saylor reveal...