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
Valkyrie Bitcoin Strategy ETF will trade under the ticker BTFD
Valkyrie changed its fund ticker from BTF to BTFD (buy the f*cking dip). The product is expected to become the second Bitcoin ETF in the US market.
MicroStrategy kicks off 2022 with Bitcoin purchases
MicroStrategy, which has been accumulating Bitcoin non-stop since 2020, made another large purchase as the asset fell.
