MicroStrategy, a software company, has always been a faithful believer in Bitcoin. Its co-founder, Micro Saylor, recently announced that he has purchased 14,600 bitcoins at an average price of $42,110, bringing the total holdings to over 189,000 bitcoins.
Background:
MicroStrategy has once again spent $150 million to buy 6,455 bitcoins, bringing the total holdings to 138,955 BTC.
MicroStrategy, one of Bitcoin’s biggest believers, made another announcement tonight at 9 pm. Just at the end of November, MicroStrategy purchased 16,130 BTC for $593 million and has been continuously increasing its holdings over the past three months. Currently, MicroStrategy’s heavy investment in Bitcoin has yielded a profit of over $2.2 billion.
Michael Saylor: BTC is the best way to store and protect wealth
Previously, in an interview with American cryptocurrency expert Stephen Gardner, Michael Saylor stated that Bitcoin is the best way to store and protect wealth. Bitcoin’s design is intended to address currency risks and it possesses a range of intrinsic characteristics. It represents a breakthrough technology with numerous advantages, one of which is Bitcoin’s limited supply of only 21 million coins.
Therefore, it is considered a conservative monetary network that will not experience inflation or asset loss. Michael Saylor pointed out that Bitcoin’s uniqueness lies in its ability to store economic energy in a frozen state, preventing its devaluation or loss.
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