MicroStrategy devours more bitcoins valued at $ 94,200,000 as crypto markets move sideways

MicroStrategy places another bet on Bitcoin (BTC)although the leading Cryptocurrency continues an apparent downward trend in the market.
Michael Saylor, CEO of MicroStrategy, tells his 2 million Twitter followers that the company has bought an additional 1,914 Bitcoin for approximately $ 94.2 million in cash at an average price of about $ 49,229 per BTC for business research.

This latest loot brings the company’s total Bitcoin inventory to approximately 124,391 BTC, which was purchased for a total of approximately $ 3.75 billion. Each bitcoin was purchased at an average price of around $ 30,159.

With bitcoin trading at $ 47,019.13 at the time of writing, MicroStrategy’s BTC fund is currently worth nearly $ 5.84 billion.

BTC is up 0.5% in the past 24 hours, but is more than 17.8% lower than a month ago. MicroStrategy shares were up 1.12% on Thursday’s close, according to Yahoo Finance.

Saylor has stated in previous interviews that he believes that Bitcoin will forever increase in value due to its limited supply, which cannot increase regardless of demand and price.

“My point is that [there’s] It will never be more than 21 million bitcoin so it’s a very firm offer.

It is the only scarcity that anyone in the world can invest in.

Any other asset that you can buy for inflation protection, like real estate or stocks or gold or commodities, all of these things have an offer that will go up as prices go up.

But you cannot increase the supply of Bitcoin. “
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