Popular business intelligence firm Microstrategy continuously adds Bitcoin to its balance sheet & new working on the Bitcoin blockchain network based solutions, in order to push Bitcoin adoption in the world.
Microstrategy is a publicly listed software company, which is popular in the Crypto world as a Bitcoin bull company. To this date, this company holds approximately 132,500 bitcoins on its balance sheet & also the company has no plans to sell these holdings.
On 28 Dec, Michael Saylor, founder & former CEO of Microstrategy, confirmed that the company purchased a total of 2,500 Bitcoin in the last two months of the time frame.
So now the company’s total Bitcoin holding is ~132,500 BTC and the average cost per BTC is approximately $30,397/BTC.
MicroStrategy has increased its #Bitcoin Holdings by ~2,500 #BTC. As of 12/27/22 @MicroStrategy holds ~132,500 bitcoin acquired for ~$4.03 billion at an average price of ~$30,397 per bitcoin. $MSTRhttps://t.co/lcMeULcGQk
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— Michael Saylor
(@saylor) December 28, 2022
On 29 Dec, Popular Bitcoin news media “Bitcoin Magazine” reported that Microstrategy aimed to launch a “Bitcoin lightning network” solution in 2023 to bring millions of people to lightning network use.
JUST IN: MicroStrategy will launch #Bitcoin Lightning solutions in 2023 – Michael Saylor
"We want to onboard millions to Lightning"
— Bitcoin Magazine (@BitcoinMagazine) December 28, 2022
Since last two years, Microstrategy has been accumulating Bitcoin on its balance sheet. So far to this date, the company is in loss of 45% but still, the company is bullish on the Bitcoin buy & hold plan.
Saylor wants to make Microstrategy a multi-million Bitcoin holder company and also pledged not to sell Bitcoin holding instead may plan to introduce in use for self or third-party platform, so that company can generate some additional revenue with these holdings.
Bitcoin Price
At the time of writing this article, the price of Bitcoin is $16,601 and this price is 1.53% down over the last 7 days of trade price.
Read also: Binance CEO CZ indirectly criticises CNBC’ Jim Cramer
Microstrategy will launch a Bitcoin lightning network solution in 2023
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