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Microstrategy Buys More Bitcoin, Now Holding 124,391 BTC


By Yes Mobile

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.

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