Bitcoin on Venmo Places Pressure on Apple, Google and Facebook to Do the Same - Microstrategy (MSTR) CEO

April 20, 2021 9:12 AM EDT

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Microstrategy, Inc. (NASDAQ: MSTR) CEO Michael Saylor said that news that Bitcoin will be on Venmo for 70 million users "places more pressure on Apple, Google, & Facebook to integrate bitcoin into their mobile applications."

"Meanwhile, no one is going to plug #Gold into 5 billion mobile devices," he added.

Microstrategy owns approximately 91,579 bitcoins that were acquired at an aggregate purchase price of $2.226 billion and an average purchase price of approximately $24,311 per bitcoin.

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