MicroStrategy buys $ 15 million Bitcoin

MicroStrategy buys $ 15 million Bitcoin

MicroStrategy Corporation, the main supporter of the coin, has not expired BitcoinAfter buying Bitcoin, even though the most recent purchase was much lower than usual.

And theShe said The company on Monday: It bought another 328 Bitcoin for about $ 15 million in cash, which led to the swelling of its cryptocurrency holdings and raising the company’s shares by 7 percent in pre-market trading.

The company, whose CEO (Michael Saylor) is one of the strongest supporters of Bitcoin, bought the cryptocurrency at an average price of about $ 45,710 each.

MicroStrategy, the world’s largest public business intelligence company, said: It owns approximately 90,859 bitcoins, which were acquired at a total purchase price of about $ 2.19 billion and an average purchase price of about $ 24063 per bitcoin.

The company’s holdings of Bitcoin are valued at $ 4.38 billion, andMicroStrategy has spent the past year steadily raising Bitcoin after making its first investment in August.

The company bought another 19,452 Bitcoins last week, worth about $ 1.03 billion.

MicroStrategy’s latest marketing wave comes as major companies, including BNY Mellon, BlackRock and MasterCard have backed some cryptocurrencies, with Tesla investing $ 1.5 billion in Bitcoin.

Bitcoin rose nearly 6 percent on Monday, as risky assets rose after the bond crisis subsided last week.

In a related development, investment banking services company Citigroup said: The most popular cryptocurrency was passing through a tipping point and could become the preferred currency for international trade.

She added: With its recent adoption by companies such as Tesla and MasterCard, Bitcoin could be at the start of a massive shift towards the mainstream.

The recent surge in interest in Bitcoin, sparked by a narrative that it could act as a hedge against inflation, pushed the cryptocurrency to a record high of $ 58,354 and a market value of $ 1 trillion.

But last week it is down by more than $ 10,000 from that level due to questions about the sustainability of such high prices.

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