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Microstrategy Buys 7,002 BTC, Adding to Its Growing Crypto Stash -Breaking

by Mike Robinson

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© Reuters. Microstrategy Adds 7000 BTC To Their Growing Crypto Stash
  • MicroStrategy bought 7,002 Bitcoins more.
  • The firm’s Bitcoins are now worth almost $6.9 billion.

MicroStrategy purchased another 7,002 Bitcoins to increase its cryptocurrency treasury. MicroStrategy now holds 121 044 Bitcoins. According to CoinMarketCap, it is currently worth $56,996.02. This means MicroStrategy’s Bitcoins are now worth almost $6.9 billion.

Michael Saylor, CEO, tweeted the following Monday clarification:

Michael Saylor also stated that he doesn’t mind the proposed regulation in Washington. It will not change crypto exchanges, security tokens, DeFi exchanges, or any other use case for crypto. According to Saylor, Bitcoin’s remarkable status as a digital property is noteworthy. His observation was that Bitcoin has become a $100 trillion dollar asset class.

Likewise, Saylor tweeted, “Bitcoin offers more reliable increased protection than gold and is developing faster than big tech. According to Saylor, Bitcoin is the only real property that you own and can grant property rights to anyone on the planet.

Michael Saylor, CEO of the company, expressed concern about the Indian government’s decision to ban cryptos such as Bitcoin or Ether.

Bitcoin is a digital currency and will soon be accepted as a value store asset by any country that permits citizens to possess private property. Stablecoins are digital currencies that can be used as exchange mediums and will be issued only by chartered banks.

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