MicroStrategy invested another $ 50 million in bitcoin at …

MicroStrategy invested another $ 50 million in bitcoin at a rate above $ 19,000

MicroStrategy has made another, third investment in bitcoin. About this reported its CEO Michael Sailor with reference to reporting for Securities commissions and exchanges USA (SEC).

According to Sailor, they are invested another $ 50 million, which turned out to be enough to purchase 2,574 BTC. At the same time, the volume of cryptocurrency in the company’s reserves reached 40,824 BTC. First purchase of bitcoin on MicroStrategy disclosed $ 250 million in August and added another $ 175 million the following month.

Sailor explained that the latest acquisition It was committed according to strategies for placing reserve assets company, within which it seeks to protect surplus capital from depreciation as a result of inflation. Average purchase amount of bitcoin in the last case amounted to $ 19,427. all three operations each bitcoin cost MicroStrategy an average of $ 11,635. At the current exchange rate, the value of MicroStrategy’s assets in bitcoin equal to $ 764 million.

MicroStrategy invested another $ 50 million in bitcoin at ...

In a recent interview with economist Mark Friedrich Sailor stated, what about bitcoin already not applicable arguments, which put forward against him a few years ago. Investor drew a parallel between cryptocurrency and basketball player LeBron James, who, according to him words, played since 8 years old, but succeeded only growing up.

“He was talented, but fickle. Then he grew up and tore everyone from 18 to 28. People who say bitcoin is too much volatile, risks or can to fall before zero, still living by the standards of 2012, 2015 or 2017 of the year“, – said Sailor.

Previously exchange Coinbase announced that it provided brokerage services to MicroStrategy during its first two cryptocurrency purchases.