
MicroStrategy CEO Michael Saylor: We expect $55.000 per BITCOIN | BTC Price prediction 2022
Published at : January 26, 2022
SPEAKER: Michael J. Saylor
Chairman and CEO, MicroStrategy
#Bitcoin #BTC #Microstrategy
MicroStrategy is continuing it bitcoin buying binge as the price of the cryptocurrency recently crossed the $50,000 level.
In a press release on Tuesday, the software technology company said it plans to raise an additional $600 million from convertible senior notes, of which all the proceeds will be used to buy more bitcoin.
MicroStrategy is the first corporation to directly purchase bitcoin, as its CEO, Michael Saylor, sought to hedge against a potential devaluation in the US dollar. Since the company's first purchase of bitcoin in August, MicroStrategy now owns 70,784 bitcoin, worth more than $3.5 billion on Tuesday.
More corporations have followed the footsteps of MicroStrategy and directly purchased bitcoin on their balance sheet, including Square, and more recently, Tesla.
Chairman and CEO, MicroStrategy
#Bitcoin #BTC #Microstrategy
MicroStrategy is continuing it bitcoin buying binge as the price of the cryptocurrency recently crossed the $50,000 level.
In a press release on Tuesday, the software technology company said it plans to raise an additional $600 million from convertible senior notes, of which all the proceeds will be used to buy more bitcoin.
MicroStrategy is the first corporation to directly purchase bitcoin, as its CEO, Michael Saylor, sought to hedge against a potential devaluation in the US dollar. Since the company's first purchase of bitcoin in August, MicroStrategy now owns 70,784 bitcoin, worth more than $3.5 billion on Tuesday.
More corporations have followed the footsteps of MicroStrategy and directly purchased bitcoin on their balance sheet, including Square, and more recently, Tesla.

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