MicroStrategy continues to buy in falling markets - Spends another $ 10 million on Bitcoin

MicroStrategy continues to buy in falling markets - Spends an additional $ 10 million on Bitcoin - microstrategy bitcoin 1 1024x538Everyone is buying bitcoins right now. From ordinary people buying fractions of bitcoin, hoping to make a profit later, to companies like Tesla filling their wallets with billions of dollars of the famous asset. Bitcoin must be all the rage these days!

Given that bitcoin is currently hovering around $ 45.000, after hitting a new all-time high of over $ 65.000 just a few weeks ago, this may be the best time for some to jump on the cryptocurrency train.

One company that has certainly done this is MicroStrategy, as it was confirmed on May 18 that the company bought another $ 10 million in bitcoin.

MicroStrategy plays the whale and continues to buy Bitcoin 

This latest purchase was confirmed by Michael Saylor, founder and CEO of MicroStrategy on Twitter. According to his tweet, MicroStrategy bought an additional 229 bitcoins, each with an average cost of $ 43.663. With this new acquisition, the company's total bitcoin stock now stands at around 92.079, with an acquisition value of around $ 2.251 billion. Purchased at an average price of $ 24.450 per bitcoin, this represents one of the largest bitcoin caches owned by a single entity.

From the language used in the tweets, it is implied that the company intends to HODL its bitcoins for the long term, as well as many private cryptocurrency holders who believe that bitcoin will be worth hundreds of thousands of dollars at some point in the near future. Regardless of all this, it is clear that the corporate world is filling up with bitcoin and investing a significant amount of money in the digital currency.

It is to be expected that other companies besides MicroStrategy will continue to fill their wallets with even more bitcoin and other cryptocurrencies, especially given that the market is not at its best.

At the same time, some analysts predict that the price of bitcoin will reach $ 100.000 by the end of this year and some even predict between $ 300.000 and $ 400.000 in a few years, and if that happens, it will be interesting to see at what price they will sell. companies like MicroStrategy, if that ever happens.

How to buy bitcoins

You are also interested in buy Bitcoins? Well, there is great news. This is the best time to do it! You can use one of the many exchanges available and also buy small quantities (fractions) of bitcoins. If, as analysts predict, its value will rise again towards new records by the end of the year, then you can definitely make a profit.

What are the best exchanges for buying bitcoins? Crypto.com, Coinbase, Binance, are just some of the more popular names that people use. You can sign up on these platforms for free and deposit with your preferred payment method.

Once ready, you can choose which cryptocurrency to buy among the most popular, not only BTC, but also ETH, DOGE, ADA and the brand new SHIB!