Microstrategy Buys More Bitcoin, Now Holding 124,391 BTC

Microstrategy Buys More Bitcoin, Now Holding 124,391 BTC

Microstrategy Buys More Bitcoin, Now Hodls 124,391 BTC

Nasdaq-listed Microstrategy has purchased extra bitcoin for its company treasury. The newest buy for 1,914 cash has raised the corporate’s complete cryptocurrency holdings to 124,391 bitcoins. CEO Michael Saylor just 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 most recent 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 a median value 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 dropping 1.4% over the past 24 hours. At the present value, Microstrategy’s BTC stash is price about $5.9 billion.

The pro-bitcoin CEO of Microstrategy personally owns about 17,732 BTC. He just 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 essentially 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.” Furthermore, the CEO famous that “Inflation is the issue and bitcoin is the answer.”

What do you consider Microstrategy shopping for extra bitcoin? Let us know within the feedback part beneath.

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