According to CEO Michael Saylor Thursday Announcement, The Nasdaq-listed company Microstrategy acquires more bitcoin.
So, CEO Michael Saylor announces,
“Microstrategy has purchased an additional 1,434 bitcoins for ~$82.4 million in cash…”
“at an average price of ~$57,477 per bitcoin. As of 12/9/21 we hodl ~122,478 bitcoins…”
“acquired for ~$3.66 billion at an average price of ~$29,861 per bitcoin.”
Notably, Before this latest purchase, Microstrategy has 7,002 bitcoins at the end of November.
Currently, the price of bitcoin is $48,736.87, indicating that Microstrategy’s bitcoins are now worth almost $6 billion.
More so, CEO Michael Saylor thinks that bitcoin will become a $100 trillion asset class. Then, he also notes how cryptocurrency is winning against gold.
“Digital gold is going to replace gold this decade,” he adds.
Additionally, CEO Michael Saylor then talks on the growing adoption of bitcoin globally on Yahoo Finance Live Thursday.
Also, CEO Michael Saylor clearly comments on gold as an investment, saying that Bitcoin is a threat on Gold.
“The best thing you could do is sell all $10 trillion of gold and buy bitcoin,”
Then, CEO Michael Saylor adds,
“Gold is a dead rock. It’s the worst-performing asset, bar none, no debate. There is no hope for it.”
“Once upon a time, gold was the most desirable store of value…”
“Now bitcoin is taking its place.”
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