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SIMETRI gains of 1031%
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SIMETRI 1031% gains

MicroStrategy Invests Another $175 Million in Bitcoin, Pushing Holdings to $425 Million

MicroStrategy nearly doubles their BTC holdings after the company's founder indicated uncertainty in the U.S. dollar.

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MicroStrategy, a U.S. business intelligence company, released a K8 form informing the SEC and the public that the company may increase its Bitcoin holdings beyond the initial $250 million investment in August

Since the filing, the company has invested another $175 million in BTC.

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MicroStrategy Bets on Bitcoin, Again

MicroStrategy’s new policy enables them to regularly transform parts of their passive cash assets into Bitcoin, without any further notice to the SEC. 

Twenty-four hours after the news went public, Michael Sayler, the firm’s founder, announced that MicroStrategy acquired 16,796 additional Bitcoin, bringing the total holdings up to 38,250 BTC, or $425 million.

The company’s current market is $1.38 billion. In total, their Bitcoin investments represent 30% of their entire holdings. 

This news was brought to you by Phemex, our preferred Derivatives Partner.

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