The CEO of MicroStrategy announced the acquisition of the next batch of military-technical cooperation. This time, the software maker invested more than $414 million.
The average purchase price was ~$59,187 per coin. MicroStrategy currently holds 114,042 bitcoins in corporate treasury, worth nearly $7 billion at current prices.
MicroStartegy currently has the largest Bitcoin reserve among private companies and tops the list of Bitcoin holdings.
Michael Saylor believes that Bitcoin is the most reliable hedge against rising inflation, so he is increasing the pace of replenishment of reserves, despite price fluctuations.
Subscribe to ForkNews on Telegram to stay up to date with news from the world of cryptocurrencies
You May Also Like
BTC futures trading volume surpassed $2 trillion in January
Monthly trading volume in Bitcoin futures has doubled since December to more than $2 trillion.
TheBlock: Institutions reduced positions in Bitcoin by at least $500 million
Institutions provoked the collapse of Bitcoin by staging a sell-off, The Block insiders report.
