MicroStrategy CEO Michael Saylor pledged to maintain pouring the enterprise intelligence firm’s extra money into bitcoin Thursday, telling traders his workforce may also “discover numerous approaches” for added buys.
“Going ahead, we proceed to plan to carry our bitcoin and make investments further extra money flows in bitcoin. Moreover, we are going to discover numerous approaches to accumulate further bitcoin as a part of our general company technique,” Saylor stated within the firm’s quarterly filing.
The corporate is presently sitting on a trove of 70,784 bitcoins. Whereas most of that was bought with extra money, Saylor raised $650 million late final yr in a debt providing to purchase but extra bitcoin.
“Relating to our bitcoin technique, our pioneering resolution to make bitcoin our major treasury reserve asset has made MicroStrategy a thought chief within the cryptocurrency market and generated nice curiosity in MicroStrategy as an organization,” Saylor stated.