Michael Saylor runs MicroStrategy, and he recently announced that $500 million of bonds have been sold in favor of cryptocurrency, and that it plans to sell even more, making it an even $1 billion.
MicroStrategy has such a big stack in Bitcoin at this point that it is considered one of the primary owners. The Bitcoin that the company holds is worth more than $3 billion. However, this could increase to more than $5 billion.
MicroStrategy’s latest spending comes amid Bitcoins loss of value down to two thirds over the past month.