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BCH $573.49 (-10.%)
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BNB $385.59 (-6.2%)
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MicroStrategy and Michael Saylor Eyes More BTC Acquisition

MicroStrategy-MichaelSaylor-More-BTC Acquisition
  • MicroStrategy announced its second-quarter financial result in 2021.
  • The firm continues to embrace the potential and technology of Bitcoin.

MicroStrategy, a mobile software firm known for its massive acquisition of Bitcoin, announced its second-quarter financial result in 2021. Specifically, this financial report made by the firm discusses the company’s financial standing in the past month. The digital asset or the BTC holdings of the company is one of the major topics discussed in the financial report.

Michael J. Saylor, CEO, MicroStrategy, explained:

MicroStrategy continued its strong 2021 by delivering an outstanding operational performance across the board and completing another successful capital raise to expand our digital asset holdings.

Michael added that the firm continues to provide good results. We had one of our best operational quarters in our software business in years, highlighted by 13% revenue growth. Our success in the market is being driven by the investments we have made and the broad adoption of our innovative MicroStrategy platform, he said.

Furthermore, despite the crypto world’s wild market volatility, especially the Bitcoin crypto, the MicroStrategy firm continues to believe in the potential of Bitcoin. As a result, the firm keeps its doors open to acquiring more digital assets in the future.

The firm stated in their financial report. We continue to be pleased by the results of the implementation of our digital asset strategy. Our latest capital raise allowed us to expand our digital holdings, which now exceed 105,000 bitcoins. Going forward, we intend to continue to deploy additional capital into our digital asset strategy.

Today, the price of BTC swings between $38k to $40k with a 7-day growth rate of over +20%.

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A dedicated market analyst focused on the highs and lows of the cryptocurrency market. With a background in Business Administration, he tries to unfold his financial perspective to global readers.