March 4, 2021

MicroStrategy invested another $ 10 million in bitcoin

MicroStrategy has invested an additional $ 10 million in bitcoin. A relevant notice prepared for the Commission on the US Securities and Exchange Commission (SEC) was posted on its website this Friday.

According to the publication, MicroStrategy bought about314 BTC at an average cost of $ 31,808 per coin. Based on this, we can conclude that the purchase was made today, when the price rolled back to three-week lows below $ 29,000.

The latest acquisition is onlya small share of MicroStrategy's total investment in bitcoin. Prior to that, the firm bought 70,470 BTC for a total of $ 1.125 billion at an average price of $ 16,035. At the current exchange rate, the value of these assets is estimated at $ 2.3 billion.

“MicroStrategy acquired about 314 bitcoins for$ 10 million in traditional currency in line with its reserve asset allocation policy. We currently hold about 70,784 bitcoins, ”wrote MicroStrategy CEO Michael Saylor.

Shortly before this, Sailor expressed confidence inthat increased regulation would benefit bitcoin. So he commented on the critical statements of the candidate for the post of US Treasury Secretary Janet Yellen about the possibility of using cryptocurrencies in money laundering and terrorist financing.

“The extent to which those working withbitcoin education will only accelerate the flow of institutional money, he said. - Everyone buys bitcoin on regulated exchanges that identify customers and comply with anti-money laundering requirements. I don't think bitcoin needs to be unregulated to be successful. I think it just has to be better than gold. "