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Microstrategy, which is listed on NASDAQ, bought a large amount of Bitcoin for its corporate finances. The newly purchased 1,914 coins increase the company’s total cryptocurrency holdings to 124,391 bitcoins. CEO Archangel Thaler also recently stated that he expects the value of cryptocurrencies to eventually reach 6 million U.S. dollars.
Microstrategy bought a lot of bitcoins
Microstrategy, a NASDAQ-listed company that supports Bitcoin, bought 1,914 large amounts of BTC on Twitter. With the latest purchase, the company currently holds 124,391 bitcoins. Microstrategy CEO Archangel Thaler announced the working day via Twitter:
“Microstrategy purchased an additional 1,914 bitcoins for approximately US$94.2 million, each with a median value of approximately US$49,229.”
“As of 12/29/21, we tend to hold about 124,391 non-inheritable Bitcoins at a price of about 3.75 billion U.S. dollars, each with a median value of about 30,159 U.S. dollars,” he elaborated.
BTC prices fell slightly on Thursday. At the time of writing, it is hovering around $47,398 when it has fallen 1.4% in the past 24 hours. According to this value, Microstrategy’s BTC reserves are worth approximately US$5.9 billion.
Microstrategy’s pro-Bitcoin CEO personally owns approximately 17,732 BTC. He also recently stated that he expects the value of cryptocurrencies to reach 600,000 U.S. dollars each and eventually reach 6 million U.S. dollars.
Thaler has repeatedly believed that Bitcoin can replace gold. “Once upon a time, gold was the most important glamorous store. Bitcoin is currently replacing it,” he wrote on Twitter earlier this month. In November, he also believed that Bitcoin was “unstoppable” and could “become a category with more than 100 trillion US dollars.” In addition, the CEO pointed out, “Inflation is the disadvantage, and Bitcoin is the solution.”
Post Microstrategy buys large amounts of Bitcoin and currently holds 124,391 BTC First appeared in Bitcoin wire.
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