Microstrategy Buys More Bitcoin, Now Holding 124,391 BTC – Featured Bitcoin News
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 lately 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 by way of Twitter:
Microstrategy has bought an extra 1,914 bitcoins for ~$94.2 million in money at a mean worth 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 worth of BTC fell barely Thursday. At the time of writing, it’s hovering at about $47,398 after shedding 1.4% over the past 24 hours. At the present worth, Microstrategy’s BTC stash is value about $5.9 billion.
The pro-bitcoin CEO of Microstrategy personally owns about 17,732 BTC. He lately 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 change 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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