MicroStrategy’s Bitcoin Holdings Surpass 122,000 BTC


Regardless of the most recent dip within the worth of Bitcoin, giant institutional buyers remained optimistic about the way forward for BTC. Lengthy-term holders haven’t solely prevented panic promoting, however a few of them have purchased the current dip.

MicroStrategy, one of many largest enterprise intelligence corporations on the planet, bought a further 1,434 BTC just lately for a complete of $82.4 million in money. The corporate now has greater than 122,000 BTC.

In whole, MicroStrategy acquired 122,478 BTC for about $3.66 billion at a mean worth of $29,861 per coin. The enterprise intelligence agency has enhanced its Bitcoin portfolio enormously in 2021. The current information from MicroStrategy got here virtually 10 days after the corporate acquired 7,002 BTC for $414 million in money at a mean worth of $59,187 per coin.

Commenting on the most recent buy of 1,434 BTC, Michael Saylor, CEO of MicroStrategy, mentioned: “MicroStrategy has bought a further 1,434 bitcoins for $82.4 million in money at a mean worth of $57,477 per bitcoin. As of 12/9/21, we maintain 122,478 bitcoins acquired for $3.66 billion at a mean worth of $29,861 per BTC.”

Bitcoin vs Gold

Institutional buyers think about Bitcoin as an alternative choice to gold. In the previous few months, buyers world wide have transferred billions of {dollars} from gold funding merchandise to BTC-related funding funds. In a current interview with Yahoo Finance, Saylor mentioned that gold is threatened by BTC.

“The most effective factor you may do is promote all $10 trillion of gold and purchase BTC. Gold is a useless rock. It is the worst-performing asset, bar none, no debate. There isn’t a hope for it,” Saylor mentioned within the interview.

Moreover, the CEO of MicroStrategy highlighted the rising adoption of BTC. “I’ve mentioned it earlier than, bitcoin goes up endlessly. The one factor that’s threatened by BTC is gold,” he added.

Regardless of the most recent dip within the worth of Bitcoin, giant institutional buyers remained optimistic about the way forward for BTC. Lengthy-term holders haven’t solely prevented panic promoting, however a few of them have purchased the current dip.

MicroStrategy, one of many largest enterprise intelligence corporations on the planet, bought a further 1,434 BTC just lately for a complete of $82.4 million in money. The corporate now has greater than 122,000 BTC.

In whole, MicroStrategy acquired 122,478 BTC for about $3.66 billion at a mean worth of $29,861 per coin. The enterprise intelligence agency has enhanced its Bitcoin portfolio enormously in 2021. The current information from MicroStrategy got here virtually 10 days after the corporate acquired 7,002 BTC for $414 million in money at a mean worth of $59,187 per coin.

Commenting on the most recent buy of 1,434 BTC, Michael Saylor, CEO of MicroStrategy, mentioned: “MicroStrategy has bought a further 1,434 bitcoins for $82.4 million in money at a mean worth of $57,477 per bitcoin. As of 12/9/21, we maintain 122,478 bitcoins acquired for $3.66 billion at a mean worth of $29,861 per BTC.”

Bitcoin vs Gold

Institutional buyers think about Bitcoin as an alternative choice to gold. In the previous few months, buyers world wide have transferred billions of {dollars} from gold funding merchandise to BTC-related funding funds. In a current interview with Yahoo Finance, Saylor mentioned that gold is threatened by BTC.

“The most effective factor you may do is promote all $10 trillion of gold and purchase BTC. Gold is a useless rock. It is the worst-performing asset, bar none, no debate. There isn’t a hope for it,” Saylor mentioned within the interview.

Moreover, the CEO of MicroStrategy highlighted the rising adoption of BTC. “I’ve mentioned it earlier than, bitcoin goes up endlessly. The one factor that’s threatened by BTC is gold,” he added.



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