Michael Saylor’s company now owns 152333 BTC worth more than $4.6 billion at an average exchange rate of $29668.
MicroStrategy also said in a report that it sold about $333.7 million worth of its shares.
The company, founded by crypto-billionaire Michael Saylor, is one of the largest bitcoin holders in the world. MicroStrategy started buying bitcoins in 2020, calling the cryptocurrency a million times better store of value than gold;
Saylor says the value of the world’s first cryptocurrency will continue to rise. He believes the Bitcoin network could
become an effective way to prevent cybersecurity threats, namely the fight against fake accounts on social networks;
MicroStrategy’s co-founder recently said that the U.S. Security and Exchange Commission’s (SEC) recent actions against crypto-exchanges have made it clear to the industry: it is doomed to be bitcoin-centric;