MicroStrategy buys US$$ 2.1 billion in bitcoin and holds 2% of the global reserve

MicroStrategy increased its bitcoin reserve by announcing this Monday (9) the purchase of US$$ 2.1 billion of the crypto. This brings its total holdings to 423,650 coins, or more than 2% of the total amount of bitcoin in circulation.

The company is now valued at approximately 2.4 times the value of its investment in bitcoin, which is approximately US$$ 42 billion. At the end of November, the company had already announced the purchase of US$$ 5.4 billion in BTC, totaling 55.5 thousand units.  

The crypto has been operating with a downward bias in the last few hours after surpassing the maximum of US$$ 100 thousand last week. https://www.youtube.com/watch?v=xZwRNSlvAtI At around 4:20 pm on Monday, BTC was down 3.71% compared to its price 24 hours ago, trading in the range of US$$ 97.3 thousand.

MicroStrategy financed the purchase with another round of share sales, totaling US$$ 2.13 billion, through a nine-member subscription group, according to an 8-K report filed with the Securities and Exchange Commission (SEC, the US market regulator) on Monday.

The bitcoin purchases took place from December 2 to 8.

Source: CNN Brasil