Microstrategy presses the accelerator - the microstrategy company is known to the cryptosphere for its recent massive Bitcoins (BTC) acquisitions.Today, it continues to garnish its already huge stock, with a purchase worth $ 177 million.The firm now has almost 109,000 BTC.
Another BTC purchase as promised
The 8-K form filed with the American Sec and published on August 24 reveals that Microstrategy acquired 3,907 additional BTC worth $ 177 million, between July 1 and August 23, 2021. The company holds today'Hui 108,992 BTC which cost it approximately $ 2.918 billion, an approximate average unit purchase cost of 26,769 dollars.
Microstrategy had planned other bitcoin purchases, despite the theoretical losses recorded by the company on its assets, losses on paper calculated on the basis of the Bitcoin course at the end of the second quarter 2021. The company had continued its purchases ofBTC in June 2021, taking advantage of the hollows to acquire it at a lower price, while the markets struggled to start a lasting upward resumption after their collapse in May.Microstrategy's latest purchases are involved in a context of a new upward wave, while Bitcoin has just reconnected with the $ 50,000.
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A long -term vision for the queen of cryptos
Microstrategy CEO, Michael Saylor, continues to defend the value of Bitcoin and the interest in a company like hers to hold it.He had indicated, during an intervention at the CNBC at the end of July, that the purchase of BTC by his company could be compared to an early investment in Facebook, while highlighting an investment horizon over a very long period.
Microstrategy’s strategy since its first BTC acquisition in August 2020 has not changed.Society bought only bitcoins and does not invest in any other cryptocurrency.She is responsible for keeping her assets and does not participate in any BTC loan program.
Microstrategy confirms his insatiable appetite for Bitcoin with this new purchase.The interests of the institutionalists in the king of cryptos continues to increase, which should propel its course around 6 figures.Even JP Morgan analysts are now considering the forecasts of a bitcoin at 100,000 dollars reasonable.
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