MicroStrategy buys a large number of bitcoins… Details here
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Answer MicroStrategy buys a large number of bitcoins… Details here
Microstrategy acquired 16,796 bitcoins yesterday, and the same company had previously bought bitcoins earlier last month, as the company is known to be investing heavily in cryptocurrency.
stated Michael Saylor, CEO of MicroStrategy, tweeted:
On September 14, 2020, MicroStrategy completed its acquisition of an additional 16,796 bitcoins for a total price of $175 million.
In August, MicroStrategy announced the purchase of 21,454 Bitcoin at a price of $250 million.
MicroStrategy’s acquisitions are directly in line with its investment strategy, which describes Bitcoin as a superior asset class.
Saylor added in his tweet:
To date, we have purchased a total of 38,250 bitcoins at a total purchase price of $425 million, including fees and expenses.
Read:On the occasion of joining FC Barcelona, the Binance platform offers prizes of $100,000 in CHZ
In 2012, Saylor wrote on the mobile technology wave, which discussed the impact of mobile computing on business and politics.
Then it was reported that the company switched to what was described as the virtual wave, which included digital transformation and keeping pace with technological progress, especially after the stimulus of the Corona crisis.
It can be said that the massive purchases made by the company “MicroStrategy” reveal how confident they are in Bitcoin and cryptocurrencies.
Saylor stated:
Bitcoin is digital gold, harder, stronger, faster and smarter than any other cash before it.
Additionally, Saylor described Bitcoin as having multiple attractive features, including global acceptance, premium branding and ecosystem vitality, to name a few.
Saylor’s behavior towards bitcoin seems different from what he tweeted in 2013 when he said that bitcoin’s days are numbered, and it seems that he changed his mind completely and became very enthusiastic about it.
Read:Bitcoin Still Below $30,000, Polkadot Recovers 6%
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Will Ethereum Overtake Bitcoin, Especially After the Decentralized Finance (DeFi) Boom?
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