{"id":15159,"date":"2021-12-10T04:54:27","date_gmt":"2021-12-10T04:54:27","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/microstrategy-buys-more-bitcoin-now-holds-122478-btc-ceo-says-bitcoin-is-taking-golds-place\/"},"modified":"2021-12-10T04:54:27","modified_gmt":"2021-12-10T04:54:27","slug":"microstrategy-buys-more-bitcoin-now-holds-122478-btc-ceo-says-bitcoin-is-taking-golds-place","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/microstrategy-buys-more-bitcoin-now-holds-122478-btc-ceo-says-bitcoin-is-taking-golds-place\/","title":{"rendered":"Microstrategy Buys More Bitcoin, Now Holds 122,478 BTC \u2014 CEO Says Bitcoin Is Taking Gold\u2019s Place"},"content":{"rendered":"

In less than two weeks after its previous bitcoin purchase, Microstrategy bought more bitcoins. The company has added 1,434 coins to its treasury, bringing the total holdings to 122,478 coins. At the time of writing, the company\u2019s total bitcoin stash is worth about $6 billion.<\/strong><\/p>\n

Microstrategy Purchases 1,434 More Bitcoins<\/h2>\n

The Nasdaq-listed company Microstrategy has purchased more bitcoin. CEO Michael Saylor announced Thursday:<\/p>\n

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.<\/p>\n

Before this latest purchase, Microstrategy bought 7,002 bitcoins<\/a> at the end of November.<\/p>\n

At the time of writing, the price of bitcoin is $48,736.87 based on data from Bitcoin.com Markets. This means Microstrategy\u2019s bitcoins are now worth almost $6 billion.<\/p>\n

Saylor believes that bitcoin will become a $100 trillion asset class<\/a>, noting that the cryptocurrency is winning against gold. \u201cDigital gold is going to replace gold this decade,\u201d he said.<\/p>\n

The Microstrategy CEO discussed the rising adoption of bitcoin globally on Yahoo Finance Live Thursday. Commenting on gold as an investment, he said that gold is threatened by bitcoin. \u201cThe best thing you could do is sell all $10 trillion of gold and buy bitcoin,\u201d Saylor suggested, adding: \u201cGold is a dead rock. It\u2019s the worst-performing asset, bar none, no debate. There is no hope for it.\u201d He tweeted:<\/p>\n

Once upon a time, gold was the most desirable store of value. Now bitcoin is taking its place.<\/p>\n

What do you think about Microstrategy buying more bitcoin and Saylor\u2019s comments? Let us know in the comments section below.<\/strong><\/em><\/p>\n

Bitcoin News
\nNews, Buy Bitcoin, buy btc, michael saylor, microstrategy, microstrategy bitcoin<\/p>\n","protected":false},"excerpt":{"rendered":"

In less than two weeks after its previous bitcoin purchase, Microstrategy bought more bitcoins. The company has added 1,434 coins to its treasury, bringing the total holdings to 122,478 coins. At the time of writing, the company\u2019s total bitcoin stash is worth about $6 billion. Microstrategy Purchases 1,434 More Bitcoins The Nasdaq-listed company Microstrategy has…<\/p>\n","protected":false},"author":0,"featured_media":15160,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-15159","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/15159"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=15159"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/15159\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/15160"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=15159"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=15159"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=15159"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}