MicroStrategy, listed as MSTR on NASDAQ is the biggest corporate Bitcoin holder in the world. It has further added 4,167 Bitcoins to its wallet and now has an accumulated wealth of around $6 billion at the current BTC price of about $46,742.
According to a report by Coindesk, the company has shelled out around $190.5 million to expand its size of BTC holdings. The deal was closed at an average price of $45,714 per bitcoin. MSTR now holds a total of 129,218 Bitcoins making it even bigger than Tesla or Square.
MicroStrategy actually is the largest independent publicly-traded analytics and business intelligence company. The MicroStrategy analytics platform is rated as one of the best in the world with high levels of consistency. Even the big names like Fortune Global 500 rely on the data processed by MicroStrategy.
Michael J. Saylor, an American entrepreneur is the CEO and the brain behind MicroStrategy. The company is escalating new heights everyday through its twofold business model. On one side, the company aims to grow its analytics and software business by providing software for mobiles and businesses. On the other, it is accumulating wealth by acquiring more and more of Bitcoins.
Saylor has revealed his intentions to hold Bitcoins for long several times earlier.
