MicroStrategy’s bitcoin is worth more than $10 billion as cryptocurrency nears $53,000

By Sunil Gavhane

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MicroStrategy's bitcoin

MicroStrategy’s bitcoin: MicroStrategy’s 190,000 bitcoins are now valued at over $10 billion because the most popular digital currency in the world is close to reaching a price of $53,000.

MicroStrategy’s total bitcoin value went over $10 billion because the price of bitcoin rose to almost $53,000 on Thursday.

The company said it had 190,000 bitcoins. The value of this well-known digital currency increased to $52,803 each by 9:56 a.m. on Thursday, as reported by The Block Price Page. This made the company’s total amount of bitcoins worth more than $10 billion.

Recently, MicroStrategy bought 850 more bitcoin for $37.2 million in January, Michael Saylor, the company’s founder, said in a post. Last month, bitcoin’s price went up and down a lot because big finance companies like BlackRock and Fidelity started offering new bitcoin investment funds.

Disclaimer: The information on this website isn’t meant to be taken as advice for investing money. Investing involves uncertainty, and there’s a chance you could lose your money when you invest.

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