Microstrategy purchases another 7,002 bitcoins, increasing the amount of encrypted storage to 121,044 BTC – NewsBitcoin News

Microstrategy purchased another 7,002 bitcoins, increasing its cryptocurrency storage to 121,044 coins. CEO Michael Saylor said: “Bitcoin is the only property you can really own, and it is also the first technology that can grant property rights to everyone on the planet.”

Microstrategy now has 121,044 bitcoins in its warehouse

Microstrategy, a NASDAQ-listed company, purchased another 7,002 bitcoins. CEO Michael Seller wrote on Twitter on Monday:

Microstrategy purchased an additional 7,002 bitcoins with approximately US$414.4 million in cash, at an average price of approximately US$59,187 per bitcoin. As of November 29, 21, we purchased approximately 121,044 bitcoins at an average price of approximately US$29,534 per bitcoin at a price of approximately US$3.57 billion.

At the time of writing, according to Bitcoin.com marketThis means that Microstrategy’s Bitcoin is now worth more than $6.9 billion.

Recently, Saylor discussed that Bitcoin has become a 100 trillion USD asset classHe pointed out that Bitcoin is beating gold and asserted that “digital gold will replace gold in this decade.” The market value of Bitcoin is currently approximately $1.11 trillion.

In addition, the Microstrategy executive stated that he is not at all troubled by the regulation being discussed in Washington, and pointed out that this will affect security tokens, decentralized financial (defi) exchanges, cryptocurrency exchanges, and other non-bitcoins. Use cases for cryptocurrency. . In his view, “Bitcoin as a digital asset is unstoppable.”

On Friday, Saylor wrote on Twitter: “Bitcoin provides better protection against inflation than gold and is growing faster than large technology companies.” He believes Bitcoin “It is the only property you can truly own, and it is also the first technology that can grant property rights to everyone on the planet.” He emphasized: “Over time, we will understand that it is concentrated energy in digital form. It is vital to the progress of our civilization.”

Comments that the Indian government may seek Ban cryptocurrency, Such as Bitcoin and Ethereum, the micro strategy boss believes:

Bitcoin is a digital property and will be used as a value asset in every country that allows citizens to own private property.

In contrast, Saylor explained that “stable coins are digital currencies used as a medium of exchange and will be issued by chartered banks.”

What do you think of Microstrategy’s Bitcoin purchase? Please let us know in the comments section below.

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