Nasdaq-noted Microstrategy has actually purchased more bitcoin for its business treasury. The newest purchase for 1,914 coins has actually raised the business’s overall cryptocurrency holdings to 124,391 bitcoins. CEO Michael Saylor just recently stated that he anticipates the cost of the cryptocurrency to ultimately reach $6 million.
Microstrategy Has Purchased More Bitcoin
The pro-bitcoin Nasdaq-noted business Microstrategy has actually acquired 1,914 more BTC. With the current purchase, the business now holds 124,391 bitcoins. Microstrategy CEO Michael Saylor revealed Thursday by means of Twitter:
Microstrategy has actually acquired an extra 1,914 bitcoins for ~$94.2 million in money at a typical cost 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 cost of BTC fell a little Thursday. At the time of composing, it is hovering at about $47,398 after losing 1.4% over the last 24 hr. At the existing cost, Microstrategy’s BTC stash deserves about $5.9 billion.
The pro-bitcoin CEO of Microstrategy personally owns about 17,732 BTC. He just recently stated that he anticipates the cost of the cryptocurrency to strike $600,000 a coin and ultimately reach $6 million.
Saylor consistently 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 previously this month. In November, he stated that bitcoin is “unstoppable” and will “emerge as a $100 trillion asset class.” Furthermore, the CEO kept in mind that “Inflation is the problem and bitcoin is the solution.”
What do you consider Microstrategy purchasing more bitcoin? Let us understand in the remarks area listed below.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This post is for informative functions just. It is not a direct deal or solicitation of a deal to purchase or offer, or a suggestion or recommendation of any items, services, or business. Bitcoin.com does not supply financial investment, tax, legal, or accounting guidance. Neither the business nor the author is accountable, straight or indirectly, for any damage or loss triggered or declared to be triggered by or in connection with using or dependence on any material, products or services pointed out in this post.