This investment comes at a time when cryptocurrency prices are trying to rebound after some very difficult weeks.
“The surge in food & fuel prices is going to further weaken global currencies and encourage the imposition of capital controls, price controls, & export controls, favoring a strategy based on digital products, digital services, & digital assets.
MicroStrategy is one of the very few established companies with so much bitcoin on its balance sheet.
Another well-known company holding bitcoin is Jack Dorsey’s Block – Get Block Inc Class A Report.
MacroStrategy, a subsidiary of MicroStrategy, last month obtained a $205 million term loan collateralized by bitcoin from Silvergate Bank, a subsidiary of Silvergate Capital Corporation – Get Silvergate Capital Corp.