Despite Bitcoin Crash, MicroStrategy Scoops Up Additional 550 Billion KRW...

[Asia Economy Reporter Kwon Jae-hee] American software company MicroStrategy has purchased an additional $489 million (approximately 554.2 billion KRW) worth of Bitcoin amid the plunge in Bitcoin prices.

With this, the total number of Bitcoins held by MicroStrategy has surpassed 100,000.

According to CNBC on the 21st (local time), MicroStrategy announced through a disclosure that it purchased an additional 13,005 Bitcoins. As a result, MicroStrategy's total Bitcoin holdings reached 105,085, with an average purchase price of $26,080 per coin.

As of this day, the value of Bitcoins held by MicroStrategy exceeds $3 billion (approximately 3.3978 trillion KRW).

MicroStrategy is known for its aggressive cryptocurrency investments, including purchasing Bitcoin with funds raised through corporate bond issuance.

Michael Saylor, CEO of MicroStrategy, is a prominent Bitcoin supporter in the United States.

Earlier, on the 14th, the company announced plans to raise capital by issuing common stock worth $1 billion to invest further in Bitcoin.

MicroStrategy's stock price fell 9.7% on this day.

However, since announcing its Bitcoin investment in August last year, the stock price has risen 423% as of the 18th of this month.