MicroStrategy Raises BTC Investment to 900 Million Dollars

If the acquisition goes as planned, the business intelligence firm will invest $ 3.5 billion in Bitcoin as a reserve.

Following the announcement Tuesday that MicroStrategy plans to buy $ 600 million in Bitcoin through the sale of convertible banknotes, the firm raised another $ 300 million in investment.

When the price of Bitcoin (BTC) hits an all-time high of more than $ 51,000 today, MicroStrategy could soon have an additional 19,000 BTC in its vault.

MicroStrategy's initial Bitcoin investment of $ 250 million last August has more than doubled, given the crypto asset's son-bull run. The company has since purchased 16,796 BTC for $ 175 million in September, then 29,646 BTC for $ 650 million via bond issuance in December. In addition, the firm bought 314 Bitcoin for $ 10 million at the end of January and 295 BTC for $ 10 million earlier this month.

If it goes according to the purchase plan, the business intelligence firm will keep more than $ 3.5 billion in crypto assets, or roughly 90,000 BTC, in its reserves. This means that the company will control 0.48% of Bitcoin's circulating supply.