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As far as cryptocurrency news goes, this is a big thumbs up from one of the largest corporate holders of bitcoin (B T c,
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MicroStrategy buys $6 million worth of bitcoin
According to the filing and Confirmed The publicly traded business intelligence company has acquired an additional 301 BTC to bring its total holdings to approximately 130,000 bitcoins, by Michael Sayer, executive chairman of MicroStrategy.
The company announced that the new purchases took place between 2 August 2022 and 19 September 2022. The firm forked about $6 million for 301 bitcoins, with an average value of around $19,851 per bitcoin. According to SEC filings, the purchase was paid for in cash.
As of September 19, MicroStrategy had purchased bitcoin for a total price of $3.98 billion, bringing the company’s average purchase price to approximately $30,639. These costs include fees and other expenses.
Michael Sayer is one of the most prominent proponents of bitcoin and has maintained his bullish stance on the asset class since the company first bought BTC in 2020. Recently, as informed of By invezzHe resigned as CEO of the company, in what he said was a move that would allow him to better focus on his bitcoin strategy.
This weekend, as Bitcoin grapples with bearish pressure, he took to Twitter to highlight how the crypto asset has performed in comparison to other asset classes since 2020. in that TweetHe showed that BTC has outperformed most other assets, including S&P 500, Sleep And bond,
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