{"id":13064,"date":"2022-06-30T05:35:20","date_gmt":"2022-06-30T05:35:20","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/microstrategy-shows-faith-and-buys-more-bitcoin-amidst-market-sell-off\/"},"modified":"2022-06-30T05:35:20","modified_gmt":"2022-06-30T05:35:20","slug":"microstrategy-shows-faith-and-buys-more-bitcoin-amidst-market-sell-off","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/microstrategy-shows-faith-and-buys-more-bitcoin-amidst-market-sell-off\/","title":{"rendered":"MicroStrategy Shows Faith And Buys More Bitcoin Amidst Market Sell-Off"},"content":{"rendered":"<p><b>(Originally posted on : Crypto News &#8211; iGaming.org )<\/b><br \/>\n<\/p>\n<div>\n<p>Nasdaq-listed business intelligence firm, MicroStrategy, has purchased more <a href=\"https:\/\/igaming.org\/cryptocurrencies\/section\/what-is-a-bitcoin\/\">Bitcoin<\/a>.<\/p>\n<p>A Wednesday <a href=\"https:\/\/www.microstrategy.com\/content\/dam\/website-assets\/collateral\/financial-documents\/financial-document-archive\/form-8-k_06-29-2022.pdf\">filing<\/a> with the U.S. Securities and Exchange Commission (SEC), revealed that the Michael Saylor led company bought the dip once again and between May 3 and June 28, it \u201cacquired approximately 480 bitcoins for approximately $10.0 million in cash, at an average price of approximately $20,817 per bitcoin, inclusive of fees and expenses.\u201d<\/p>\n<p>Furthermore, the filing confirms MicroStrategy\u2019s total holdings which \u201cwere acquired at an aggregate purchase price of approximately $3.98 billion and an average purchase price of approximately $30,664 per bitcoin, inclusive of fees and expenses.\u201d<\/p>\n<blockquote>\n<p>\u201cAs of June 28, 2022, MicroStrategy, together with its subsidiaries, held an aggregate of approximately 129,699 bitcoins.\u201d<\/p>\n<\/blockquote>\n<p>The firm\u2019s CEO and notorious Bitcoin bull, Michael Saylor, has always been open about MicroStrategy\u2019s ambitions to \u201c<a href=\"https:\/\/igaming.org\/crypto\/microstrategy-announces-additional-purchase-of-253-bitcoin-and-will-continue-to-hodl-973\/\">hodl<\/a>\u201d. In May he said:<\/p>\n<blockquote>\n<p>\u201cWe are in it for the long term \u2026 Our strategy is to buy bitcoin and hold the bitcoin, so there\u2019s no price target. I expect we\u2019ll be buying bitcoin at the local top forever.<\/p>\n<p>I expect bitcoin is going to go into the millions. So, we\u2019re very patient. We think it\u2019s the future of money.\u201d<\/p>\n<\/blockquote>\n<p>Saylor had also said that Bitcoin is a safe haven, with his firm <a href=\"https:\/\/igaming.org\/crypto\/bitcoin-is-safe-haven-will-continue-buying-forever-michael-saylor\/\">continuing to buy forever<\/a>.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/igaming.org\/crypto\/microstrategy-shows-faith-and-buys-more-bitcoin-amidst-market-sell-off\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Crypto News &#8211; iGaming.org ) Nasdaq-listed business intelligence firm, MicroStrategy, has purchased more Bitcoin. A Wednesday filing with the U.S. Securities and Exchange Commission (SEC), revealed that the Michael Saylor led company bought the dip once again and between May 3 and June 28, it \u201cacquired approximately 480 bitcoins for approximately [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":13065,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/13064"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=13064"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/13064\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/13065"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=13064"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=13064"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=13064"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}