Software company MicroStrategy has always been a faithful believer in Bitcoin. Its co-founder, Micro Saylor, recently announced that he has purchased 14,600 bitcoins at an average price of $42,110, bringing the total holdings to over 189,000.
MicroStrategy, one of the biggest Bitcoin enthusiasts, has been consistently adding to its holdings over the past three months. In late November, the company purchased 16,130 BTC for $593 million. With the current valuation, MicroStrategy’s Bitcoin investment has gained over $2.2 billion.
In an interview with cryptocurrency expert Stephen Gardner, Michael Saylor, the co-founder of MicroStrategy, stated that Bitcoin is the best way to store and protect wealth. Bitcoin’s design is meant to address currency risks, and it possesses a range of intrinsic features that represent a breakthrough technology. One of these features is the limited supply of Bitcoin, totaling only 21 million coins. Therefore, it is considered a conservative monetary network that is immune to inflation or asset loss. Saylor pointed out that the uniqueness of Bitcoin lies in its ability to store economic energy, preventing its devaluation or loss.
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