Latest Breaking News On - Microstrategy incorporation - Page 1 : comparemela.com
Tesla Inc (NASDAQ: TSLA) CEO Elon Musk could do his shareholders a $100 billion favor by converting the automaker’s balance sheet to Bitcoin, his MicroStrategy Inc (NASDAQ: MSTR) counterpart Michael Saylor suggested.
What Happened: Saylor made his comments in response to Musk poking. Read More. Don t Miss Any Updates! News Directly in Your Inbox Subscribe to:
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What Happened: MicroStrategy
announced it purchased an additional 29,646 Bitcoin in a press release Monday. The purchase price was $650 million with Bitcoin bought at an average price of $21,925.
MicroStrategy now holds 70,470 Bitcoin as of Dec. 21. The Bitcoin were bought at an average of $15,964 each. MicroStrategy paid $1.125 billion for the Bitcoin.
“The acquisition of additional bitcoins announced today reaffirms our belief that bitcoin, as the world’s most widely-adopted cryptocurrency, is a dependable store of value,” said MicroStrategy CEO Michale Saylor.
Why It’s Important: The 70,470 Bitcoin are worth $1.6 billion based on Monday’s Bitcoin price of $23,057. Citron Research called MicroStrategy the best investment route and the only safe and cost-effective way to get exposure to Bitcoin.
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