MicroStrategy makes good on promise to buy another 17K Bitcoin
Cointelegraph
Published Sep 15, 2020 09:42AM ET
Updated Sep 15, 2020 03:20PM ET
MicroStrategy acquired 16,796 more Bitcoin (BTC) for $175 million, adding to its previous purchase of 21,454 BTC. Now, it owns 38,250 Bitcoin, according to its latest disclosure to the United States Securities and Exchange Commission. This occurred on the same day that its board of directors made the cryptocurrency its primary treasury reserve asset. It was also indicated that the company could add to its Bitcoin reserves in the near future. The company’s CEO, Michael J. Slayer, also restated the same information in a tweet from earlier today.
Grayscale’s founder, Barry Silbert, reacted to the news with a tweet of his own, commenting on the race between the two companies in acquiring Bitcoin.
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Written By: Cointelegraph
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