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| MicroStrategy purchased Bitcoin $ 15 million |
Bitcoin's main promoter, MicroStrategy, has not completed its purchase of Bitcoin, although its recent purchases have been much lower than usual.
The company announced on Monday that it had bought 328 Bitcoins for about $ 15 million in cash, expanding its holdings of cryptocurrencies and increasing the company's shares by 7% as part of its pre-market trading.
Bitcoin's CEO (Michael Saylor) is a strong supporter of Bitcoin, and the company bought the cryptocurrency at an average price of around $ 45,710.
MicroStrategy, the world's largest public intelligence company, claims to have around 90,859 Bitcoin. The total purchase price of these bitcoins is around $ 2.19 billion, with an average purchase price of around $ 24,063 per bitcoin.
The company's Bitcoin holdings are estimated to be worth $ 4.38 billion, and MicroStrategy has steadily increased its bitcoins over the past year after its initial investment in August of last year.
The company purchased an additional 19,452 Bitcoins last week, with an estimated value of $ 1.03 billion.
MicroStrategy's latest marketing wave is backed by some of the cryptocurrencies from big companies like BNY Mellon, BlackRock and MasterCard. Tesla invested $ 1.5 billion in Bitcoin.
After the bond crisis calmed down last week, Bitcoin rose nearly 6% on Monday due to a rally of risky assets.
Investment banking firm Citigroup (Citigroup) said in related developments: The most popular cryptocurrency is at a tipping point and could become the currency of choice for international trade.
She added: With the recent adoption of Bitcoin by companies like Tesla and Mastercard, Bitcoin could be at the start of a massive shift towards the mainstream.
There is a saying that the recent rise in interest on Bitcoin could act as a hedge against inflation and allow the cryptocurrency to reach record market values of $ 58,354 and $ 1 trillion.
However, due to doubts about the sustainability of this high price, the price is down more than $ 10,000 from those levels last week.