MicroStrategy Tossed Yet another Billion at Bitcoin
Cryptocurrency Speculator – Max
MicroStrategy has made a habit of putting its money where its mouth is. In its latest acquisition round, the market analytics company swallowed another 19,452 billion Bitcoin worth around $1,026 billion.
The CEO of the company and very outspoken Bitcoin trading evangelist, Michael Saylor, announced the news on Twitter, mentioning that the company acquired the asset at an estimated price of $52,765 per Bitcoin.
The company revealed on February 19 that it had earned $1.05 billion from its debt offering. This figure is over $100 million more than the previous bid of $900 million. MicroStrategy shifted its target from $600 million to $900 million before eventually collecting more than a billion dollars.
Following its most recent acquisition, MicroStrategy currently owns roughly 90,531 Bitcoins, rendering it the highest established institutional investor in the digital currency. According to data from Bitcoin Treasuries, MicroStrategy is being monitored by Tesla, Galaxy Digital, and Square.
Saylor elaborated on the recent developments in the statement:
“The group continues to focus on our two strategic objectives to expand our enterprise insights platform business and to acquire and retain multiple Bitcoin investments.”
Saylor went on to say that Bitcoin could act as a "reliable store of value" and that his company will aim to buy Bitcoin in bulk.
If you are looking to buy and sell Bitcoin and searching for a trusted Bitcoin retailor, you can invest in Cryptocurrency with BC Bitcoin by registering an account with us today.
Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
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For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.4. **Conversion of Assets:**
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