Source: Flickr (Microstrategy)
Microstrategy purchased over 425 million USD worth of Bitcoin in August and September.
- Microstrategy initially invested over 250 million USD in Bitcoin in August.
- In a recent podcast, CEO Michael Seynor revealed the company had invested an additional 175 million USD and intends to continue.
- Seynor, previously of critical of Bitcoin, now believes Bitcoin is "1000x better than gold" as a store of value.
- The company has stated that it will be using Bitcoin as its primary reserve asset in lieu of fiat currency (USD).
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