MicroStrategy Bitcoin Reserves Hit 122,478 BTC as Company Puts Another $82.4M
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Dec. 9, 2021
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The largest publicly-traded bitcoin (EXANTE: Bitcoin) hodler, MicroStrategy Inc., has invested an additional $82.4 million in bitcoin. According to a regulatory filing, with the last purchase of 1,434 bitcoins at an average price of $57,477 per BTC, the company hodls a total sum of 122,478 BTC (~$6 billion as of press time).

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The move comes just a few weeks after the Virginia-based company purchased 7,002 BTC for $414.4 million. Earlier this year, MicroStrategy CEO, Michael Saylor, suggested that bitcoin will replace all gold exchange-traded funds over the next two-to-three years.

Grayscale: 26% of Americans Own Bitcoin

In January this year, the MicroStrategy CEO also said that investing in the cryptocurrency is more profitable than investing in early-stage tech stocks. According to the MicroStrategy CEO, large amounts of money are arriving in the cryptocurrency market from traditional ones such as forex, stocks, and bonds.

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