Seller said in a statement that the company’s latest funding has allowed it to increase its digital holdings to more than 1.05 million bitcoins. “Going forward, we intend to invest additional capital in our digital asset strategy,” he said.
The company said that its subsidiary MacroStrategy holds approximately 92,079 bitcoins.
Reiterating his stance on the future of bitcoin on Friday, Seller said that his company’s strategy is to invest in bitcoin for the long term because Big Tech’s future is a “digital asset.”
Our strategy is long #bitcoin, long term, leveraged intelligently. It is only a matter of time before billions of people plug their mobile phones into bitcoin and we want to be there first. The future of big tech is digital property. $MSTR @MicroStrategy https://t.co/THmVLfxNfC
— Michael Saylor (@michael_saylor) July 30, 2021
Earlier in another tweet, he said that bitcoin was the fastest growing and most widely held financial asset in the history of the world as it is now held by over 114 million people.
When Elon Musk mocked bitcoin extremists last month with a lightbulb joke, Seller responded to him.
“That’s not funny!” – Bitcoin maxis
— Elon Musk (@elonmusk) June 25, 2021
If you give us 10 minutes, maybe we can hash out the answer…
— Michael Saylor (@michael_saylor) June 25, 2021
Seller made the first investment in bitcoin in August last year with the purchase of 21,454 bitcoins for $250 million (about Rs 1,860 crore). In February this year, his company added another 19,452 bitcoins for around $1 billion (about Rs 7,440 crore). MicroStrategy’s bitcoin holdings had reached 90,859 BTC as of March 1, which was acquired for $2.19 billion (approximately Rs 16,290 crore). In less than a year, Sellar has transformed a relatively obscure intelligence software firm into a true bitcoin ETF.<!–