If you regularly read our LATOKEN reviews, you probably know that we are not only sharing important information about potentially promising tokens, crypto projects, and protocols, we also share crypto news. We do this because we care about our users, crypto traders, and all the crypto enthusiasts worldwide and want to keep everyone up to date — it’s essential if you trade or are even just interested in cryptocurrency. So today we want to share news about MicroStrategy.
MicroStrategy invests in Bitcoin again?
The largest cryptocurrency holder among public companies now owns 114 thousand BTC, the value of which exceeds $5 billion. MicroStrategy’s market capitalization is $6 billion.
The largest cryptocurrency holder among public companies, MicroStrategy, has increased its Bitcoin investments. The software developer purchased 5,050 bitcoins for $242.9 million at an average price of $48,000 per digital coin. This was announced on Twitter by MicroStrategy CEO Michael Saylor.
As of September 12, the company owns 114 thousand bitcoins. The average cost of one bitcoin is $27.7 thousand. The market value of the first cryptocurrency, which MicroStrategy owns, exceeds $5 billion, while the company’s market capitalization is $6 billion.
The last time MicroStrategy invested in bitcoin was at the end of August. Then the company bought a cryptocurrency for $177 million. The head of the company, Michael Saylor, is an active supporter of the first cryptocurrency. He said that bitcoin will become the main store of value for the 21st century and called stricter regulation of mining and crypto trading in China a trillion-dollar mistake.
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About LATOKEN
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LATOKEN crypto exchange does not provide any investment, tax, legal, or accounting advice. This article is written for informational purposes only. Like other assets, cryptocurrency is subject to market risk. Please do your own research and trade with caution.
