Microstrategy buys more bitcoins and now holds 122,478 BTC — CEO says bitcoin is replacing gold — news bitcoin news


Less than two weeks after the last bitcoin purchase, Microstrategy purchased more bitcoins. The company has added 1,434 tokens to its vault, bringing the total holdings to 122,478 tokens. At the time of writing, the company’s total Bitcoin assets are worth approximately $6 billion.

Microstrategy purchased another 1,434 bitcoins

Microstrategy, a Nasdaq-listed company, bought more bitcoins. CEO Michael Seller announced on Thursday:

Microstrategy purchased an additional 1,434 bitcoins for approximately US$82.4 million in cash, at an average price of approximately US$57,477 per bitcoin. As of September 12, 21, we purchased approximately 122,478 bitcoins at an average price of approximately $29,861 per bitcoin at a price of approximately $3.66 billion.

Before the last purchase, Microstrategy Purchased 7,002 Bitcoins At the end of November.

At the time of writing, according to Bitcoin.com Markets, the price of Bitcoin is $48,736.87. This means that Microstrategy’s Bitcoin is now worth nearly $6 billion.

Saylor believes that Bitcoin will become 100 trillion USD asset class, Noticed that cryptocurrency is beating gold. “Digital gold will replace gold in this decade,” he said.

The CEO of Microstrategy discussed the growing popularity of Bitcoin on a Yahoo Finance live broadcast on Thursday. When commenting on gold as an investment, he stated that gold is threatened by Bitcoin. “The best thing you can do is to sell all 10 trillion dollars in gold and buy Bitcoin,” Saylor suggested, adding: “Gold is a dead stone. This is the worst performing asset. Controversial. There is no hope.” He wrote on Twitter:

Once upon a time, gold was the most ideal means of holding value. Bitcoin is now replacing it.

What do you think of Microstrategy’s comments on buying more Bitcoin and Saylor? Please let us know in the comments section below.

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