Monday, January 17, 2022

Microstrategy Buys More Bitcoin, Now Holding 124,391 BTC – Featured Bitcoin News

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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.

The pro-bitcoin CEO of Microstrategy personally owns about 17,732 BTC. He not too long ago stated that he expects the worth of the cryptocurrency to hit $600,000 a coin and finally attain $6 million.

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.”

What do you concentrate on Microstrategy shopping for extra bitcoin? Let us know within the feedback part under.

Kevin Helms

A scholar of Austrian Economics, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His pursuits lie in Bitcoin safety, open-source techniques, community results and the intersection between economics and cryptography.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational functions solely. It shouldn’t be a direct provide or solicitation of a suggestion to purchase or promote, or a suggestion or endorsement of any merchandise, providers, or corporations. doesn’t present funding, tax, authorized, or accounting recommendation. Neither the corporate nor the writer is accountable, immediately or not directly, for any harm or loss brought on or alleged to be attributable to or in reference to using or reliance on any content material, items or providers talked about on this article.

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