MicroStrategy has invested another $ 10 million in bitcoin. A notice prepared for the US Securities and Exchange Commission (SEC) was published on its website this Friday.
According to the publication, MicroStrategy bought about 314 BTC at an average cost of $ 31,808 per coin. Based on this, we can conclude that the purchase was made today, when the price rolled back to three-week lows below $ 29,000.
The latest acquisition represents only a small fraction of MicroStrategy’s total Bitcoin investment. Prior to that, the firm bought 70,470 BTC for a total of $ 1.125 billion at an average price of $ 16,035. At the current exchange rate, the value of these assets is estimated at $ 2.3 billion.
“MicroStrategy acquired about 314 bitcoins for $ 10 million in traditional currency in accordance with its policy of allocating reserve assets. We currently hold about 70,784 bitcoins, ”wrote Michael Saylor, CEO of MicroStrategy.
Shortly before that, Sailor expressed confidence that increased regulation would benefit Bitcoin. So he commented on the critical statements of the candidate for the post of US Treasury Secretary Janet Yellen about the possibility of using cryptocurrencies in money laundering and terrorist financing.
“The degree to which bitcoin education is regulated will only accelerate the flow of institutional money,” he said. “Everyone buys bitcoin on regulated exchanges that identify customers and comply with anti-money laundering requirements. I don’t think bitcoin needs to be unregulated to be successful. I think it just has to be better than gold. “
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