Nasdaq-listed Microstrategy has purchased extra bitcoin for its company treasury. The newest buy for 1,914 cash has raised the corporate’s whole cryptocurrency holdings to 124,391 bitcoins. CEO Michael Saylor not too long ago stated that he expects the worth of the cryptocurrency to finally attain $6 million.
Microstrategy Has Purchased More Bitcoin
The pro-bitcoin Nasdaq-listed firm Microstrategy has bought 1,914 extra BTC. With the newest buy, the corporate now holds 124,391 bitcoins. Microstrategy CEO Michael Saylor introduced Thursday through Twitter:
Microstrategy has bought an extra 1,914 bitcoins for ~$94.2 million in money at a median value of ~$49,229 per bitcoin.
“As of 12/29/21 we hodl ~124,391 bitcoins acquired for ~$3.75 billion at an average price of ~$30,159 per bitcoin,” he detailed.
The value of BTC fell barely Thursday. At the time of writing, it’s hovering at about $47,398 after shedding 1.4% during the last 24 hours. At the present value, Microstrategy’s BTC stash is value about $5.9 billion.
Saylor repeatedly stated that bitcoin will substitute gold. “Once upon a time, gold was the most desirable store of value. Now bitcoin is taking its place,” he tweeted earlier this month. In November, he stated that bitcoin is “unstoppable” and can “emerge as a $100 trillion asset class.” Furthermore, the CEO famous that “Inflation is the problem and bitcoin is the solution.”
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