MicroStrategy is a company that is trying to accumulate more Bitcoin. The company has been buying Bitcoin at different prices and it's not that they are buying now instead they have been buying it and hopefully this is for the long long.
US companies are well known for the market trend and microstrategy is the one that is trying to have a bigger bitcoin holding. No other coin has been on its bucket list and the company is more inclined with Bitcoin and they are trying to build a big holding with Bitcoin which they're also showing in their balance sheet.
This latest acquisition brings MicroStrategy’s total Bitcoin holdings to 447,470 BTC, purchased at an aggregate cost of $27.97 billion, including fees and expenses. The company’s average price per Bitcoin now stands at $62,503.
This is really an interesting information that the company is on profit significantly even when they continued to buy Bitcoin at any price. The average price remains around 62k us dollars and this time when bitcoin is moving around 100k us dollars it brings a great value to the investment.
We surely need more companies that are bitcoin Pro and they buy btc like this so it will take the demand higher and it would also result in the value appreciation. Microsoft was expected to enter in crypto but that proposal was not approved and it didn't go through but I believe this should be worth revisiting so that the journey for crypto is blacked by more institutions.
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