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January 22, 2022
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Microstrategy Buys a lot of Bitcoin, Currently Holding 124,391 BTC

Nasdaq-listed Microstrategy has purchased a lot of bitcoin for its firm treasury. the most recent buy for 1,914 coins has raised the corporate’s whole cryptocurrency holdings to 124,391 bitcoins. CEO archangel Saylor not too long ago similar that he expects the worth of the cryptocurrency to finally attain $6 million.

Microstrategy Has Purchased a lot of Bitcoin

The pro-bitcoin Nasdaq-listed firm Microstrategy has bought on Twitter 1,914 a lot of BTC. With the most recent buy, the company at the moment holds 124,391 bitcoins. Microstrategy CEO archangel Saylor declared weekday by way of 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 barely Thursday. At the time of writing, it’s hovering at regarding $47,398 when shedding 1.4% during the last twenty 4 hours. At this value, Microstrategy’s BTC stash is worth regarding $5.9 billion.

The pro-bitcoin CEO of Microstrategy in particular person owns regarding seventeen,732 BTC. He not too long ago similar that he expects the worth of the cryptocurrency to hit $600,000 a coin and finally attain $6 million.

Saylor repeatedly similar that bitcoin can substitute 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 similar that bitcoin is “unstoppable” and may “emerge as a $100 trillion plus category.” furthermore, the CEO famous that “Inflation is that the drawback and bitcoin is that the resolution.”

The put up Microstrategy Buys a lot of Bitcoin, Currently Holding 124,391 BTC first appeared on BTC Wires.

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