MicroStrategy Buys More Bitcoin and Holds $6 Billion Worth

December 10, 2021

Only two weeks after its last Bitcoin (BTC) purchase, software intelligence firm MicroStrategy bought more Bitcoins. As announced by its CEO Michael Saylor on Thursday, the firm added 1,434 coins to the books, with the total holdings now growing to 122,478 BTC.

MicroStrategy’s previous purchase was at the end of November when it upped its total holdings with 7,002 BTC. At the time of writing, total book value for the top cryptocurrency is around $6 billion.

Saylor’s confidence in Bitcoin is high as he believes that bitcoin will become a $100 trillion asset class. “Digital gold is going to replace gold this decade,” he stressed.

On the same day that Saylor revealed MicroStrategy’s purchase, the CEO appeared on Yahoo Finance Live to discuss the rising adoption of Bitcoin across the world. According to the world’s most famous ‘hodler’, gold is threatened by Bitcoin. He noted:

“The best thing you could do is sell all $10 trillion of gold and buy bitcoin.

Gold is a dead rock. It’s the worst-performing asset, bar none, no debate. There is no hope for it.”

The post MicroStrategy Buys More Bitcoin and Holds $6 Billion Worth appeared first on iGaming.org.

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Author: Peter Siu

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