The Software Company Morphis, the supplier of payment systems, a currency supply chain management software, and Bitcoin ATM General Bytes, have come together in a partnership of software and hardware. The operators of General Bytes machines can now take advantage of the Morphis integration rather than building their own server or platform, to track all the transaction data.
By integrating the Morphis API, General Bytes now provides an opportunity for bitcoin ATM (BATM) operators to focus on their business and take advantage of the built-in Morphis integration which feeds into the Morphis Crypto Kiosk Manager solution.
According to Morphis President and CTO, Alif Rahman, “Morphis, is continually developing solutions to help businesses track and manage their cash and General Bytes is creating next-generation bitcoin ATMs with easy access for operators. The collaboration is timely as BATM operators are placing their machines in more locations each day.”
In other Software News:
MICROSTRATEGY ACQUIRES AN ADDITIONAL $15 MILLION IN BITCOIN
“The Company remains focused on our two corporate strategies of growing our enterprise analytics software business and acquiring and holding bitcoin,” said Saylor. “[We] now hold over 90,000 bitcoins, reaffirming our belief that bitcoin, as the world’s most widely-adopted cryptocurrency, can serve as a dependable store of value. We will continue to pursue our strategy of acquiring bitcoin with excess cash and we may from time to time, subject to market conditions, issue debt or equity securities in capital raising transactions with the objective of using the proceeds to purchase additional bitcoin.”
Following a near 50% decline in stock price from recent highs, MicroStrategy’s stock has reversed from its downtrend alongside the NASDAQ Composite. Its shares traded at $720.55 today into market close.
Today Microstrategy announced that it purchased $15 million worth of Bitcoin. The company’s CEO, Michael Saylor, tweeted this morning that his company had bought approximately 253 BTC, bringing its total holdings to about 91,579 BTC. In his tweet, Saylor said that the company’s latest buy was at an average cost of $59,339 per Bitcoin, which is about $1,600 below the cryptocurrency’s all-time high.
With Bitcoin prices hovering around the $59,000 mark at the time of writing, Microstrategy’s current holdings amount to more than $52 billion dollars. Since his company’s first Bitcoin purchase last August, Saylor has remained incredibly bullish on his bet. When Microstrategy’s $550 million cash reserve ran dry from purchasing Bitcoin, he raised a $650 million corporate bond to buy even more. This February, the company raised another $1.05 billion in a bonds-for-Bitcoin offering.
