Since August 2020, software development company MicroStrategy has been consistently purchasing Bitcoin, even during a time when the cryptocurrency was experiencing a decrease in value in 2022.
As recently announced, the company spent an additional $37.2 million in January alone to acquire 850 BTC, bringing their total reserves to 190,000 BTC.
The company founder Michael Saylor has also stated that MicroStrategy’s financial statements for the fourth quarter of 2023 will be presented by the end of this week.
In November, the company shared its plans to raise $750 million through the sale of company shares and had already sold 1 million shares by the end of December, totaling $610 million.
