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January 17, 2022
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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 coins has raised the corporate’s whole cryptocurrency holdings to 124,391 bitcoins. CEO Michael Saylor just lately mentioned that he expects the price 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 median price 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 price 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 price, 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 mentioned that he expects the price of the cryptocurrency to hit $600,000 a coin and finally attain $6 million.

Saylor repeatedly mentioned that bitcoin will substitute 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 mentioned 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.”

What do you concentrate on Microstrategy shopping for extra bitcoin? Let us know within the feedback part under.

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 programs, community results and the intersection between economics and cryptography.

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