MicroStrategy founder Michael Saylor wrote in a Twitter post the company will continue to hodl its bitcoin (EXANTE: Bitcoin) reserves and even plans to invest "additional excess cash flows" in the cryptocurrency. In MicroStrategy's Q4 2020 financial results the company wrote its carrying value of bitcoin was $1.054 billion. As of January 27, 2021, the company had 70,784 BTCs.
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"Additionally, we will explore various approaches to acquire additional bitcoin as part of our overall corporate strategy," Saylor added.
Saylor emphasizes MicroStrategy's decision to make bitcoin its primary treasury reserve asset has made the company "a thought leader in the cryptocurrency market and generated great interest in MicroStrategy as a corporation."
Earlier in January, MicroStrategy purchased an additional $10 million in bitcoin. According to the company's filing, MicroStrategy purchased 314 bitcoins for $10 million, at an average price of ~$31,808 per BTC.
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