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Microstrategy, which is listed on NASDAQ, bought more bitcoins for its corporate finances. The 1,914 coins purchased recently increased the company’s total cryptocurrency holdings to 124,391 bitcoins. CEO Michael Seller recently stated that he expects the price of cryptocurrencies to eventually reach $6 million.
Microstrategy bought more bitcoins
Microstrategy, a NASDAQ-listed company that supports Bitcoin, bought another 1,914 BitcoinWith the latest purchase, the company now holds 124,391 Bitcoins. Microstrategy CEO Michael Saylor announced via Twitter on Thursday:
Microstrategy purchased an additional 1,914 bitcoins for approximately US$94.2 million in cash, at an average price of approximately US$49,229 per bitcoin.
“As of December 29, 2012, we purchased approximately 124,391 bitcoins at a price of approximately US$3.75 billion, with an average price of approximately US$30,159 per bitcoin,” he detailed.
s price Bitcoin It fell slightly on Thursday. At the time of writing, it is hovering at approximately $47,398 after falling 1.4% in the past 24 hours.At current prices, Microstrategy’s Bitcoin The value of stash is approximately US$5.9 billion.
Microstrategy’s pro-Bitcoin CEO personally owns approximately 17,732 BitcoinHe recently stated that he expects the price of cryptocurrencies to reach $600,000 per coin and eventually reach 6 million USD.
Saylor has stated many times that Bitcoin will replace gold. “Once upon a time, gold was the most ideal means of holding value. Now Bitcoin is replacing it,” he wrote on Twitter earlier this month. In November of last year, he stated that Bitcoin was “unstoppable” and would “become a $100 trillion asset class.” In addition, the CEO pointed out, “Inflation is the problem and Bitcoin is the solution.”
What do you think about Microstrategy buying more bitcoins? Please let us know in the comments section below.
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