Mobile Prices / Blog / Cryptocurrency / Microstrategy Buys More Bitcoin, Now Holding 124,391 BTC

Microstrategy Buys More Bitcoin, Now Holding 124,391 BTC

Cryptocurrency

By Yes Mobile

39
Microstrategy Buys More Bitcoin, Now Holding 124,391 BTC

Microstrategy Buys More Bitcoin, Now Holding 124,391 BTC

Nasdaq-listed Microstrategy has purchased extra bitcoin for its company treasury. The most recent buy for 1,914 cash has raised the corporate’s whole cryptocurrency holdings to 124,391 bitcoins. CEO Michael Saylor lately stated that he expects the value of the cryptocurrency to ultimately attain $6 million.

Microstrategy Has Bought Extra Bitcoin

The professional-bitcoin Nasdaq-listed firm Microstrategy has bought 1,914 extra BTC. With the most recent buy, the corporate now holds 124,391 bitcoins. Microstrategy CEO Michael Saylor introduced Thursday by way of 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 a median value of ~$30,159 per bitcoin,” he detailed.

The value of BTC fell barely Thursday. On the time of writing, it’s hovering at about $47,398 after shedding 1.4% over the past 24 hours. On the present value, Microstrategy’s BTC stash is value about $5.9 billion.

The professional-bitcoin CEO of Microstrategy personally owns about 17,732 BTC. He lately stated that he expects the value of the cryptocurrency to hit $600,000 a coin and ultimately attain $6 million.

Saylor repeatedly stated that bitcoin will substitute gold. “As soon as upon a time, gold was probably the most fascinating retailer of worth. 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.” Moreover, the CEO famous that “Inflation is the issue and bitcoin is the answer.”

What do you consider Microstrategy shopping for extra bitcoin? Tell us in the feedback part beneath.

Kevin Helms

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

Earlier articleTether’s Market Cap Nears $80B, USDT Represents 46% of the Stablecoin Economic system

Extra Common NewsIn Case You Missed ItEthereum Hashrate Faucets Report-Setting 1 Petahash as ETH’s Mining Profitability Stays Excessive20 days in the past, Ethereum’s community members upgraded the protocol and carried out the Arrow Glacier improve. The transfer delayed Ethereum’s “Ice Age” proof-of-stake (PoS) transition for an additional six months and this week, the community’s hashrate tapped all-time highs. For the primary … learn extra.

Crypto Trade Binance Receives Approval in Bahrain — Plans to Turn out to be Regulated, Centralized Worldwide

Mexico’s Third Richest Billionaire’s Recommendation: Make investments in Bitcoin, Keep Away From {Dollars}, Euros

Million-Greenback Digital Collectibles: An In-Depth Have a look at the Prime 10 Most Costly NFTs Offered This 12 months

The Opendao Offers Xmas Airdrop to Opensea Customers


author-yes-mobile
Yes Mobile
Yes Mobile is the senior mobile blog writer and technology expert. Our aim provides the best information about mobile technology and latest mobile prices in Pakistan new mobile news video reviews issues etc. And how to use software easy ways. and much more.

Latest Posts


Latest Mobile Price List in Pakistan



BlackBerry DTEK70 Coming Soon
BlackBerry DTEK60 Coming Soon
Tecno Phantom 8 Rs. 34,500
Apple iPhone XS Max Rs. 166,499
Apple iphone 8 Plus Rs. 110,499
Apple iphone 8 Rs. 96,499
Apple iPhone X Rs. 128,499
Huawei Nova 3 Rs. 58,499
Honor 9 Mobile Rs. 55,499
Tecno Camon 11 Pro Rs. 29,500
Nokia 8 Sirocco Rs. 103,500
Meizu Zero Rs. 67,500
Nokia 5.1 Rs. 18,500
Nokia X6 Rs. 31,500
Nokia 4 Rs. 19,500
Realme 2 Rs. 25,499
Tecno Camon iACE2X Rs. 13,300
Realme U1 Rs. 28,499
Meizu Note 8 Rs. 44,500
Realme C1 Rs. 18,000
Meizu 16s Plus Rs. 71,500
Huawei P30 Pro Rs. 173,500
Samsung Galaxy A70 Rs. 61,499
Huawei P30 Lite Rs. 43,499
Oppo F11 Pro Rs. 54,499
Oppo A5s Rs. 19,500
Samsung Galaxy A10 Rs. 20,500
Vivo V15 Pro Rs. 57,500