MicroStrategy Flying Out and Buying More Bitcoin Worth $94.2 Million


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The “MicroStrategy” company’s appetite for Bitcoin is not satiated yet, as the company is still buying from it constantly, especially in periods of decline such as the one we are currently witnessing.

MicroStrategy has announced the purchase of an additional 1,914 bitcoins, valued at approximately $94.2 million, according to to deposit last organizational.

The number of bitcoins in MicroStrategy’s wallets has now risen to 124,391 bitcoins which are worth about $5.9 billion at current prices.

The last purchase was made during the historical period from December 9 to December 29.

It is worth noting that the average purchase price of bitcoin by the company has now exceeded $30,000, which means that the price of bitcoin could be higher than the company’s purchase rate, which means that the company’s portfolio is in profit mode until now.

In early December, the company announced a bitcoin purchase for $84 million.

Last month, CEO Michael Saylor told that he personally owns $866 million worth of bitcoin.

Saylor expects the price of Bitcoin to rise to $600,000 without mentioning a specific time frame.

Saylor also believes that Bitcoin will continue to rise forever due to its non-inflationary nature.

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In an interview with Yahoo Finance earlier this month, Saylor acknowledged that a certain event (which he referred to as a black swan unexpected boom) is the only risk to Bitcoin since the largest cryptocurrency has yet to be hacked.

Bitcoin price at the end of the year:

Many predictions were indicating that the end of 2021 would be a historic end in which Bitcoin would achieve its new 6-digit record, but the winds ran with what the ships did not desire.

The Bitcoin price is currently down 1.16% in the past 24 hours, trading at $47,191.

The largest cryptocurrency is down 17% this month.

Gold supporter Peter Schiff is speculating that the price of Bitcoin would be much lower without MicroStrategy’s buying spree, and described the latest purchase from Saylor as a New Year’s gift to sellers.

MicroStrategy is up a modest 30% to date.

Read also:

Scam: Distributing fake “MetaMask” cryptocurrency and its price up by 2,600% and then disappearing with investors’ money

Abu Dhabi city becomes the center of crypto in the Middle East…Details here

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