February 23, 2024

Michael Saylor’s Microstrategy bought another 12,333 bitcoins for about $347 million, bringing its total to 152,333.

Last chance to buy at these prices?

Perhaps seeing a last chance at these prices, Microstrategy bought more bitcoin last month at an average price of $28,136 per bitcoin. The news came after the company filed an acquisition application with the U.S. Securities and Exchange Commission on Wednesday.

The average price of all bitcoins Microstrategy now owns (152,333) is $29,668, which puts the company in a difficult position to buy considering today’s bitcoins are worth just over $30,000.

With the bitcoin bull market likely just getting started, Microstrategy’s purchases could be worth even more in the years to come. Perhaps for this reason, the tech giant is opting to make at least one more purchase now, after making its last purchase two months ago.

Presidential Candidate Kennedy Supports Bitcoin

Robert F. Kennedy Jr. tweeted yesterday that his U.S. presidential campaign will accept bitcoin donations. He was candid about bitcoin to a U.S. presidential candidate, calling it a “bulwark against totalitarianism” and defending the “right to use and hold bitcoin,” calling it an “unforgivable right.” violation”.

Kennedy also pledged to reverse the Biden administration’s “growing hostility” toward the bitcoin industry, saying he would keep the innovation in the United States. He added that the ESG agenda should not be used as a “smokescreen” to attack Bitcoin.

Disclaimer: This article is for informational purposes only. It does not provide or be intended to be used as legal, tax, investment, financial or other advice.