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August 9, 2022
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Michael Saylor: Microstrategy bought BTC for USD 15 million –

Microstrategy has just increased its stocks of Bitcoin (BTC), spending another $ 15 million on it. About the case informed on Twitter, the company’s CEO, Michael Saylor.

Saylor: We have another BTC

Saylor has just announced that his company has purchased an additional 253 BTC for around $ 15 million. The purchase was made at an average price of $ 59,339 for 1 BTC. He added that as of April 5, Microstrategy already owns 91,579 BTC, bought for $ 2,226 billion at an average price of $ 24,311 for Bitcoin. The company’s cryptocurrency portfolio is now worth nearly $ 5.29 billion.

The previous official purchase of BTC by the company was announced almost three weeks earlier, on March 12.

Bitcoin in the hands of giants

Bitcoin is increasingly becoming an asset in which the largest invest. Tesla did it this year. It was officially announced in February, which we wrote about here. Earlier, this type of potential move was signaled by Elon Musk himself when he wrote the word “Bitcoin” in his description on Twitter. This alone made the cryptocurrency rate go up a lot back then.

This is not the end, however. Giants are entering the digital currency market more and more boldly. Goldman Sachs has just announced that it is getting ready to create the first investment products for Bitcoin and other cryptocurrency assets. These are expected to appear on the market in the second quarter of 2021.

We work closely with teams across the company to explore ways to offer thoughtful and appropriate access to the ecosystem [kryptowalut] private sector clients and this is something we expect to offer in the near future – said Mary Rich, new head of digital assets for Goldman Sachs’ private wealth management division, in an interview with CNBC.

However, this is still not the end of this type of news. In a new interview with Bloomberg Finance and MarketsDawn Fitzpatrick of Soros Fund Management revealed that the fund is interested in the cryptocurrency market today and is considering investing in BTC.

We believe that all the infrastructure around cryptocurrencies is really interesting and we have made some investments in this infrastructure and we believe that this is a turning point for us. I’d say it’s all from the exchanges [firm] asset managers, trustees, mundane tax reports on cryptocurrency profits and everything in between – she said.

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