cryptojournalist
MicroStrategy Keeps Buying Bitcoin
MicroStrategy, one of the biggest corporate buyers of Bitcoin, just added another 21,550 BTC to its collection. Despite Bitcoin hitting record highs, the company spent $2.1 billion between December 2 and 8, buying Bitcoin at an average price of $98,783 per coin.
Saylor’s Big Bet on Bitcoin
As of December 8, MicroStrategy holds 423,650 BTC, worth a total of $25.6 billion, with an average purchase price of $60,324 per Bitcoin. Michael Saylor, the company’s chairman, is confident that Bitcoin’s value will keep rising, even to $1 million per coin, and that MicroStrategy will keep buying at those prices.
Saylor’s Bold Vision for Bitcoin
Saylor believes Bitcoin will reach $1 million per coin one day and that his company could even spend $1 billion a day on it once it hits that price. He’s sticking with his belief that Bitcoin is the best long-term investment.
Saylor’s Call for the U.S. to Switch from Gold to Bitcoin
Saylor has also made waves by suggesting the U.S. government sell its gold reserves and buy Bitcoin instead. He argues it’s a better way to hedge against inflation and could make the U.S. more financially secure, while also hurting countries that hold gold.
