SpaceX, a company founded by Elon Musk is exploring the merits of buying Bitcoin, according to MicroStrategy CEO, Michael Saylor.
MicroStrategy bought a total of $1.125 billion worth of Bitcoins over a period of time and now has a market value of $2.428 billion.
Unable to sustain its extremely rapid upwards trajectory, the largest cryptocurrency, Bitcoin has fallen to lows of $26,500.
In a Twitter exchange with Michael Saylor, Elon Musk made inquiries about converting part of his company’s balance sheet into Bitcoin
A respected crypto strategist anticipates 50% of the top 500 companies in the world will hold Bitcoin in their portfolios by the end of 2021.
The most sophisticated investors, the smartest people in the room are quietly buying into Bitcoin.
MicroStrategy recently disclosed plans of investing the proceeds from a $400 million securities offering into buying more bitcoins.
MicroStrategy has now purchased approximately 40,824 bitcoins valued at $783 million.
Blackrock CEO, Larry Fink recently revealed the flagship crypto, Bitcoin is on his company’s radar
The Canadian investment company recently disclosed it added about 73.9 BTC to its reserves since the middle of 2020.
