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Friday, November 8, 2024

MicroStrategy bought bitcoins for another $ 15 million

The total amount of the company’s investments in the first cryptocurrency reached $ 2.186 billion. The average bitcoin purchase price was $ 24 thousand.

MicroStrategy CEO Michael Sailor said the company bought 328 bitcoins for $ 15 million at a rate of $ 45.7 thousand apiece. The number of coins under her management exceeded 90.8 thousand. The company invested over $ 2.1 billion in cryptocurrency. On average, the purchase of one bitcoin cost her $ 24 thousand.

According to the Bitcoin Treasuries service , MicroStrategy’s paper profit from investing in bitcoin reached $ 2.2 billion, not counting the last investment. In February, the company purchased 20 thousand coins at an average rate of $ 52.7 thousand for more than $ 1 billion.

According to the Bitcoin Treasuries service , MicroStrategy’s paper profit from investing in bitcoin reached $ 2.2 billion, not counting the last investment. In February, the company purchased 20 thousand coins at an average rate of $ 52.7 thousand for more than $ 1 billion.

Sailor is confident that in the future, bitcoin quotes will reach $ 500 thousand, and its capitalization will be $ 100 trillion. According to the head of MicroStrategy, the first cryptocurrency will begin to exert a “stabilizing influence” on the global financial system and will eclipse the market capitalization of gold.

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Christopher Patillo
Christopher Patillo
Christopher Patillo is an accomplished writer and editor with a passion for exploring the intersections of technology, society, and culture. With a Master's degree in Journalism Patillo has contributed to various publications. His writing focuses on emerging trends in artificial intelligence, digital privacy, and the ethical implications of technology in everyday life. He is also involved in community outreach programs aimed at promoting media literacy among youth.

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