Microstrategy Buys a lot of Bitcoin, Currently Holding 124,391 BTC

By Clark

Nasdaq-listed Microstrategy has bought a lot of bitcoin for its company treasury. the newest purchase for 1,914 coins has raised the company’s total cryptocurrency holdings to 124,391 bitcoins. CEO archangel Saylor recently same that he expects the value of the cryptocurrency to eventually reach $6 million.

Microstrategy Has Purchased a lot of Bitcoin

The pro-bitcoin Nasdaq-listed company Microstrategy has purchased on Twitter 1,914 a lot of BTC. With the newest purchase, the corporate currently holds 124,391 bitcoins. Microstrategy CEO archangel Saylor declared weekday via Twitter:

“Microstrategy has purchased an extra one,914 bitcoins for ~$94.2 million in money at a median worth of ~$49,229 per bitcoin.”

“As of 12/29/21 we tend to hodl ~124,391 bitcoins noninheritable for ~$3.75 billion at a median worth of ~$30,159 per bitcoin,” he elaborate.

The price of BTC fell slightly Thursday. At the time of writing, it’s hovering at concerning $47,398 when losing 1.4% over the last twenty four hours. At this worth, Microstrategy’s BTC stash is value concerning $5.9 billion.

The pro-bitcoin CEO of Microstrategy in person owns concerning seventeen,732 BTC. He recently same that he expects the value of the cryptocurrency to hit $600,000 a coin and eventually reach $6 million.

Saylor repeatedly same that bitcoin can replace gold. “Once upon a time, gold was the foremost fascinating store important . currently bitcoin is taking its place,” he tweeted earlier this month. In November, he same that bitcoin is “unstoppable” and can “emerge as a $100 trillion plus category.” moreover, the CEO noted that “Inflation is that the drawback and bitcoin is that the resolution.”