MicroStrategy Adds $10M Worth of Bitcoin, Defying Bearish Fears - BitcoinEthereumNews.com
BitcoinMicroStrategy ने मंदी के डर को धता बताते हुए $ 10M बिटकॉइन का मूल्य जोड़ा06 / 29 / 2022बिटकॉइन एथेरियम समाचार Publicly-traded business intelligence company MicroStrategy has purchased an additional 480 bitcoins (worth $10 million). The latest purchase brings the company‘s total holdings to 129,699 BTC (worth around $2.6 billion at today’s prices). MicroStrategy has spent a total of $3.98 billion on its bitcoin investment, averaging $30,664 per BTC. The cryptocurrency currently hovers around the $20,000 mark, representing a nearly $1.4 billion unrealized loss for the company. However, today‘s purchase shows the company’s ‘underwater’ Bitcoin position has not stopped it from increasing exposure to the asset class. Instead, it reinforces earlier comments by CEO Michael Saylor, who said earlier this month that the current bearish market presents the best investment opportunity for investors. MicroStrategy Buys More Bitcoins Despite Liquidation Gossip The largest known corporate holder of bitcoins has recently been the subject of several reports suggesting it might come under pressure for using leverage to purchase BTC earlier this year. Recall that a MicroStrategy subsidiary had accessed a $205 million credit line to acquire even more coins. The loan deal uses a portion of MicroStrategy‘s bitcoin stash as collateral, introducing a leveraged risk if bitcoin’s