The MicroStrategy company's desire to buy bitcoins is insatiable. Despite the fact that Bitcoin has reached the highest price in its history, the company spent another $ 50 million and these prices still seem attractive to the company.
The CEO of MicroStrategy announced on Twitter that the company also made its third purchase of Bitcoin. "Gold hoarding is an old way of storing value. Bitcoin is a million times better," he said. We are trying to maintain our treasury. The purchasing power of cash is rapidly declining.
The company has bought about 2,574 bitcoins in its latest acquisition, the equivalent amount of which is estimated at $ 50 million. The average purchase price of the company's bitcoin in this investment was around $ 19,472. Currently, the company's total bitcoin assets have reached 40,824.
The company first invested about $ 250 million in bitcoin on August 11 this year. A month later, it re-introduced another $ 175 million into the bitcoin market. The CEO of the company has announced the recent purchase of Bitcoin as part of the company's policies to protect the assets of the company from possible cash inflation. The 55-year-old CEO has described Bitcoin as the "most logical" lifeboat to maintain asset value anywhere in the world. The company's stock price has risen more than 170 percent since its CEO first spoke of its desire to buy bitcoin. The company has made its purchased bitcoins as usual through the Coin Base digital currency exchange. This exchange is located in the United States.