MicroStrategy Continues to Collect Bitcoin

in HODLlast month

Recently, MicroStrategy reported another interest in bitcoin, which led the organization's bitcoin to increase to $ 5 billion.

Cloud programming organization, MicroStrategy - which is apparently one of the main drivers of the massive Bitcoin flood - said it has acquired $ 15 million in funds into Bitcoin, announcing the acquisition of an additional 253 Bitcoin.

After the announcement, parts of MicroStrategy rose 3% shortly after the announcement, Bloomberg data indicated.

A week ago, the global monetary management company said that "MicroStrategy" is worth investing in resources given its position on digital currencies.

Examiners accept that the cost of Bitcoin could reach $ 90,000 by 2022, and according to similar investigators, what benefits Bitcoin is beneficial to the organization.

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One expert expressed:

We accept that anyone putting resources in stock should do so recognizing that their project is closely linked to the cost of Bitcoin.

Not everyone agrees with this assessment.

Last December, testers downgraded MSTR's "for sale" offers in light of a similar rationale for the organization's interest in Bitcoin.

A month ago, the Corporation's stock fell nearly 20% at a surprising speed after reports that a handful of MicroStrategy chiefs sold off too many offers.

Michael Saylor, CEO of MicroStrategy reported that the organization currently has 91,579 Bitcoins purchased for $ 2.200 billion at a regular cost of $ 24,000 per bitcoin, meaning the organization's speculation is up 140%.

Continuously, Saylor sings and praises Bitcoin, picturing it as a resource and a refuge, comparing it to gold and dubbing it "digital gold."

His foundation, which provides mobile programming and cloud-based administrations to various organizations, has continued to purchase bitcoins.

Some other huge organizations followed Saylor's recommendation. Premium company Square put $ 220 million into the money a year ago, and Elon Musk's Tesla Motors company bought $ 1.5 billion to buy Bitcoin in February.

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