if (!window.GrowJs) { (function () { var s = document.createElement('script'); s.async = true; s.type = 'text/javascript'; s.src = 'https://bitcoinads.growadvertising.com/adserve/app'; var n = document.getElementsByTagName("script")[0]; n.parentNode.insertBefore(s, n); }()); } var GrowJs = GrowJs || {}; GrowJs.ads = GrowJs.ads || []; GrowJs.ads.push({ node: document.currentScript.parentElement, handler: function (node) { var banner = GrowJs.createBanner(node, 31, [300, 250], null, []); GrowJs.showBanner(banner.index); } }); Saylor has been one of bitcoin’s most bullish proponents in the institutional space. Read full article . Intelligence firm has surged since promising to buy Bitcoin, But some question whether gains on crypto boost make sense. We now hold approximately 70,784 bitcoins. MicroStrategy and Bitcoin investments. Bitcoin is boosting MicroStrategy's market visibility, say executives. “Even if you think MicroStrategy is the best way to invest in Bitcoin, buying at the moment seems to be paying about twice the market price for Bitcoin, assuming the valuations prior to last week were sound.” Brown said that shares may be rallying amid “news coverage” and after Citron Research highlighted owning Bitcoin through the stock. In December, the company purchased 29,646 bitcoins for $650 million at an average price of $21,925 per bitcoin. “The Company continues to operate in accordance with its Treasury Reserve Policy and currently holds approximately 70,470 bitcoins,” said Michael J. Saylor, CEO, MicroStrategy Incorporated. In October, Wolfe Research analyst Darrin Peller said PayPal Holdings Inc.’s enabling customers to use cryptocurrencies represented “among the more import steps for crypto utility/normalization we have seen in years.” Earlier, Mizuho analyst Dan Dolev raised his price target for PayPal to a Street-high $290, as a survey of Bitcoin users showed “upbeat results,” with exuberance about the digital currency boosting engagement and propelling growth. In this free report, you'll discover 10 things you should know about security tokens. Others argued that MicroStrategy is … After reviewing the investment case for Bitcoin, it is time to review the MicroStrategy convertible security we own. MicroStrategy timeline of Bitcoin acquisition. $59,736.47 +1370.52 Ethereum. 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