It’s common knowledge, the MicroStrategy company loves Bitcoin! Its CEO, Michael Saylor, decided to bet on Bitcoin for several months. As the Bitcoin price has seen some turmoil lately, the company has decided it is a good time to strengthen its positions in Bitcoin!
MicroStrategy relies heavily on Bitcoin!
Michael Saylor speaks regularly on the interest of Bitcoin. Moreover, recently, he published a comparison between the return on investment of gold and Bitcoin over the last few months. The finding leaned very heavily towards Bitcoin, which justified its strategy!
In all, MicroStrategy is the company with the most Bitcoin in the world. Second, we would find the Tesla company with around 42,000 Bitcoins. But by the way, how many bitcoins does MicroStrategy have!
MicroStrategy buys the equivalent of $ 250 million in bitcoins!
On Monday, September 13, 2021, Michael Saylor announced on Twitter that his company had bought bitcoins. How much ? According to him, MicroStrategy would have bought 5 050 bitcoins or the equivalent of $ 250 million at the time of the transaction!
In total, the company finds itself en possession de 114 042 bitcoins ! With the current valuation, this represents a small jackpot equivalent to $ 3.16 billion ! Bitcoins were bought for an average price of $ 27,713! An excellent operation when you consider the current Bitcoin price …
Bitcoin price: € 38,900, + 2.5% over the last 24 hours!
Bitcoin like many other cryptos did not escape last week’s air hole. Cryptos have indeed seen their price drop sharply during a “Lightning crash”. Bitcoin thus lost nearly 10% in a few hours. On Monday, September 13, 2021, the crypto markets were once again in the red.
But now is the time for recovery. Apart from some stablecoins, the 20 largest cryptos are seeing their prices increase today. Bitcoin in particular is picking up nearly 2.8% in 24 hours at the time of writing this article. Of course, this is not yet sufficient to erase the losses of the past few days. Thus over the last 7 days, the price of Bitcoin is still down by almost 11.8%. The perfect opportunity to follow the example of MicroStrategy and strengthen your positions on Bitcoin?
Risk Disclosure: The articles and articles on Arover.net do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies.