{"id":28679,"date":"2020-09-15T12:11:28","date_gmt":"2020-09-15T09:11:28","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=28679"},"modified":"2025-08-27T12:51:37","modified_gmt":"2025-08-27T09:51:37","slug":"microstrategy-bets-another-175-million-on-bitcoin","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/microstrategy-bets-another-175-million-on-bitcoin\/","title":{"rendered":"MicroStrategy Bets Another $175 Million on Bitcoin"},"content":{"rendered":"<p>MicroStrategy, the Nasdaq-listed analytics software provider that previously invested $250 million in Bitcoin, approved a new reserve policy. The document <a href=\\\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/0001050446\/000119312520244732\/d937119d8k.htm\\\" target=\\\"_blank\\\" rel=\\\"noopener noreferrer\\\">confirms<\/a> the company&#8217;s readiness to increase its investments in the leading cryptocurrency.<!--more--><\/p>\n<p>\\n<\/p>\n<p><span style=\\\"font-weight: 400;\\\"><strong>UPDATE.<\/strong> MicroStrategy CEO Michael Saylor said that on September 14 the company purchased an additional 16,796 BTC for $175 million. He valued MicroStrategy&#8217;s total investment in the leading cryptocurrency at $425 million, including fees and expenses.<\/span><\/p>\n<p>\\n<\/p>\n<blockquote class=\\\"twitter-tweet\\\"><p>\\n<\/p>\n<p dir=\\\"ltr\\\" lang=\\\"en\\\">On September 14, 2020, MicroStrategy completed its acquisition of 16,796 additional bitcoins at an aggregate purchase price of $175 million. To date, we have purchased a total of 38,250 bitcoins at an aggregate purchase price of $425 million, inclusive of fees and expenses.<\/p>\n<p>\\n<\/p>\n<p>\u2014 Michael Saylor (@michael_saylor) <a href=\\\"https:\/\/twitter.com\/michael_saylor\/status\/1305850568531947520?ref_src=twsrc%5Etfw\\\">September 15, 2020<\/a><\/p>\n<\/blockquote>\n<p>\\n<\/p>\n<p><script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>\\n<\/p>\n<p>MicroStrategy&#8217;s reserves, listed on Nasdaq, will consist of fiat currency, its equivalents and short-term investments, as well as Bitcoin. The board has decided to use cryptocurrency as the primary reserve asset on a permanent basis.<\/p>\n<p>\\n<\/p>\n<blockquote>\n<p>&#8220;Under the new policy, Bitcoin holdings could exceed the $250 million in investments the company reported on August 11, 2020,&#8221; the report said.<\/p>\n<\/blockquote>\n<p>\\n<\/p>\n<p>As reported, CEO Michael Saylor <a href=\"https:\/\/u1f987.com\/en\/news\/microstrategy-becomes-the-first-nasdaq-listed-company-to-invest-part-of-its-capital-in-bitcoin\">called<\/a> the investments in Bitcoin a reliable hedge against a devaluing U.S. dollar. MicroStrategy became the first publicly traded company to allocate capital to a cryptocurrency.<\/p>\n<p>\\n<\/p>\n<p>Earlier Canadian firm Snappa <a href=\"https:\/\/u1f987.com\/en\/news\/canadian-graphic-design-company-snappa-shifts-half-of-its-fiat-reserves-into-bitcoin\">shifted<\/a> half of its fiat reserves into Bitcoin due to high inflation risks. Going forward, company leadership plans to increase investments in BTC.<\/p>\n<p>\\n<\/p>\n<p>Follow ForkLog news on <a href=\\\"https:\/\/vk.com\/forklogcom\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">VK<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The board of MicroStrategy, the analytics software provider, which previously invested $250 million in Bitcoin, approved a new reserve policy. The document confirms the company&#8217;s readiness to increase investments in the leading cryptocurrency.<\/p>\n","protected":false},"author":1,"featured_media":28680,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1207],"class_list":["post-28679","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-microstrategy"],"aioseo_notices":[],"amp_enabled":true,"views":"13","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/28679","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=28679"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/28679\/revisions"}],"predecessor-version":[{"id":28681,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/28679\/revisions\/28681"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/28680"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=28679"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=28679"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=28679"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}