Mainstream enterprise intelligence behemoth MicroStrategy has made numerous headlines in latest days for its preliminary $250 million Bitcoin (BTC) funding. The corporate later poured a subsequent $175 million into the asset — a prolonged endeavor totaling virtually 100 hours of labor. 

“To accumulate 16,796 BTC (disclosed 9/14/20), we traded repeatedly 74 hours, executing 88,617 trades ~0.19 BTC every 3 seconds,” MicroStrategy CEO Michael Saylor said in a tweet Friday.

Roughly “$39,414 in BTC per minute, however always we had been able to buy $30-50 million in a couple of seconds if we bought fortunate with a 1-2% downward spike,” he stated, referencing the agency’s willingness to purchase BTC at a less expensive value, if the chance offered itself.

MicroStrategy stands as one of many newest mainstream giants getting into the crypto area. The corporate took a leap of religion into Bitcoin, selecting up 21,454 BTC, price $250 million on the time, placing the coin in place as a reserve asset for the entity, in response to an Aug. 11 announcement.

Following the preliminary funding, the entity purchased an extra 16,796 Bitcoin, which took a little bit of effort and time, as seen in Saylor’s tweet.

Whereas exhibiting mainstream curiosity within the asset, the mass-scale Bitcoin pickup additionally proved the coin can scale successfully as a retailer of worth — a doubt in individuals’s minds since 2017, when the community slowed dramatically whereas additionally requiring excessive transaction charges.