cryptoupdate
Contributor
On this day, April 5th, in the year 2023, MicroStrategy possesses a total of 140,000 units of Bitcoin.
These were procured for roughly $4.17 billion at an average price of $29,803 per unit. The announcement of this event denotes a momentous milestone for the organization, as it persists in investing in Bitcoin as a reserve asset.Saylor, a proponent of Bitcoin, has been spearheading the initiative for corporations to adopt the primary cryptocurrency as a strategic asset. He has consistently expressed that Bitcoin is the most secure and dependable store of value existing in the market today. Furthermore, he has stated that it presents an exceptional opportunity for businesses to shield their assets from the scourge of inflation.
Recently, Saylor's MicroStrategy disbursed the Silvergate loan and obtained 6,500 units of Bitcoin at the conclusion of March. The company's Bitcoin approach seems to utilize a dollar-cost averaging methodology, albeit with a substantial amount of money...read more
