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Micro Strategy, a business analytics firm, has added approximately 4,000 BTC to its burgeoning Bitcoin. The NASDAQ-listed business in the United States said on Tuesday that it had purchased 3,907 Bitcoins at an average price of around $45,294 per BTC. Around $177 million was spent on the purchase.
Financial support came from ATM facility sales, says Micro Strategy CEO Michael Saylor. It now owns almost $5 billion worth of Bitcoins. Micro Strategy is also the largest corporate Bitcoin holder, dwarfing the likes of Tesla (NASDAQ: TSLA) and Galaxy Digital, which have 48,000 BTC and 16,402 BTC, respectively
In light of the most recent development, Saylor’s optimism about Bitcoin has been Throughout the year, his company has been on a Bitcoin buying frenzy, thanks in large part to the CEO’s enthusiasm for the Saylor stated that he was buying $1,000 worth of Bitcoin per second.
For the first time ever, Saylor stated his optimism about the future of Bitcoin in July, adding that his firm would continue to buy Bitcoin despite the impairment loss in Q2 It was also highlighted that there was no pressure on him to sell his personal Bitcoin stockpile or that of his company.