Microstrategy Buys 7,002 More Bitcoins, Growing Crypto Stash to 121,044 BTC
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Microstrategy Buys 7,002 More Bitcoins, Growing Crypto Stash to 121,044 BTC

THELOGICALINDIAN - Microstrategy has purchased 7002 added bitcoins growing its cryptocurrency backing to 121044 bill CEO Michael Saylor says Bitcoin is the alone acreage you can absolutely own as able-bodied as the aboriginal technology able of acceding acreage rights to anybody on earth

Microstrategy Now Has 121,044 Bitcoins in Its Treasury

The Nasdaq-listed aggregation Microstrategy has purchased 7,002 added bitcoins. CEO Michael Saylor tweeted Monday:

At the time of writing, the amount of bitcoin is $57,095.58 based on abstracts from Bitcoin.com Markets. This agency Microstrategy’s bitcoins are now account added than $6.9 billion.

Recently, Saylor discussed bitcoin acceptable a $100 abundance asset class. He acclaimed that bitcoin is acceptable adjoin gold, asserting that “digital gold is activity to alter gold this decade.” The bitcoin bazaar cap is currently about $1.11 trillion.

In addition, the Microstrategy controlling said he is not at all afflicted by adjustment that is actuality discussed in Washington, acquainted that it will affect aegis tokens, decentralized accounts (defi) exchanges, crypto exchanges, and added use cases of cryptocurrency that are not bitcoin. In his opinion, “bitcoin is unstoppable as agenda property.”

On Friday, Saylor tweeted, “Bitcoin offers bigger aggrandizement aegis than gold and is growing faster than big tech.” He believes that BTC “is the alone acreage you can absolutely own, as able-bodied as the aboriginal technology able of acceding acreage rights to anybody on earth.” He emphasized, “In time, we will appear to accept that it is concentrated activity in agenda anatomy and analytical to the progression of our civilization.”

Commenting on letters that the Indian government may be gluttonous to prohibit cryptocurrencies, such as bitcoin and ether, the Microstrategy bang-up opined:

In contrast, Saylor explained that “A stablecoin is agenda bill for use as a average of barter and will be issued by accountant banks.”

What do you anticipate about Microstrategy’s bitcoin purchase? Let us apperceive in the comments area below.

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