Microstrategy buys more Bitcoin, now holds 122,478 BTC - CEO says Bitcoin takes the place of gold - News
Microstrategy buys more Bitcoin, now holds 122,478 BTC - CEO says Bitcoin takes the place of gold - News
In less than two weeks after the previous Bitcoin purchase, Microstrategy bought additional bitcoins. The company has expanded its cash register by 1,434 coins, which increases the total stock to 122,478 coins. At the time of writing, the company's entire Bitcoin stock is around $ 6 billion.
Microstrategy buys 1,434 more bitcoins
The company Microstrategy, listed on the Nasdaq, bought more Bitcoin. CEO Michael Saylor announced on Thursday:
Microstrategy bought a further 1,434 bitcoins for ~ 82.4 million in cash at an average price of ~ 57,477 per bitcoin. On 09.12.21 we hold ~ 122,478 bitcoins, which were purchased for $ 3.66 billion, at an average price of ~ 29,861 USD per bitcoin.
Before this last purchase, Microstrategy 7.002 Bitcoins bought at the end of November.
At the time of writing, the price of Bitcoin is $ 48,736.87, based on data from Bitcoin.com Markets. This means that Microstrategy's bitcoins are now worth almost $ 6 billion.
Saylor believes that Bitcoin becomes one It is pointed out that the cryptocurrency wins against gold. "Digital gold will replace gold this decade," he said.
The CEO of Microstrategy discussed Yahoo Finance live on Thursday about the increasing acceptance of Bitcoin worldwide. He commented on gold as an investment and said that gold was threatened by Bitcoin. "The best thing you can do is to sell every $ 10 trillion of gold and buy Bitcoin," suggested Saylor and added: "Gold is a dead rock. It is the system with the worst performance, apart from none, no debate. There is no hope of it." He tweeted:
In the past, gold was the most sought -after value preservation means. Now Bitcoin takes its place.
What do you think that Microstrategy buys more Bitcoin and Saylor's comments? Let us know in the comment area below.
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