1 in every 100 bitcoins belongs to MicroStrategy

Michael Saylor, president of the pc firm, MicroStrategy, as soon as once more introduced purchases of bitcoin (BTC) by his firm.

The manager wrote in its As of March 18, 2024, MicroStrategy holds 214,246 BTC acquired for about $7.53 billion, at a median worth of $35,160 per bitcoin.

The determine of 214,246 takes on particular relevance. It represents roughly 1% of all bitcoins that may exist in historical past: 21 million items.

Not solely that, however proper now it represents 1,089% of the 19,658,462 BTC which were mined up to now. In easier phrases: 1 out of each 100 bitcoins is presently held by MicroStrategy.

On this method, the corporate exhibits that it stays agency in its DCA technique. Whereas some ponder whether to purchase BTC at “such excessive” costs, MicroStrategy solutions sure. Whereas some are questioning whether or not to purchase BTC when the value drops or look forward to it to drop additional, MicroStrategy merely hits the “purchase” button. Thus, it has achieved a median worth significantly decrease than the present worth of BTC, which signifies that it’s in revenue.

The motivation for accumulating bitcoin is that Saylor is firmly satisfied that – as CriptoNoticias has detailed – within the subsequent 10 years, the value can rise to unimaginable ranges. And, subsequently, this could be a good stage to build up the digital forex that already serves as a medium of alternate and reserve of worth worldwide.

Throughout his most up-to-date participation in LaBitConf, a convention that happened in Argentina final November, Saylor highlighted the qualities of Bitcoin and defined that It’s these qualities that drive him to build up as a lot BTC as doable:

«If we need to protect our wealth, the investor has to transform his wealth into scarce, fascinating, transportable, sturdy and holdable. These are the 5 standards which can be essential. “They’ve to judge each asset towards this.”

Michael Saylor, presidente de MicroStrategy.