© Reuters
Investing.com – MicroStrategy has just added 12,333 bitcoins to its vaults at an average purchase price of $28,136 per token, according to a new regulatory filing.
Founder and Executive Chairman Michael Saylor, a prominent crypto enthusiast, tweeted the announcement on Wednesday, adding that the company “hodls” 152,333 bitcoins in total, acquired for approximately $4.52 billion and purchased at an average price of 29 $668 per token.
At current bitcoin prices, the enterprise software company’s stock of bitcoins is worth about $4.6 billion.
MicroStrategy’s latest bitcoin purchase comes after Mr. Saylor predicted earlier this month that regulatory crackdowns on cryptocurrencies in the United States would help bitcoin nearly double its market share.
In that year alone, bitcoin’s share of the overall cryptocurrency industry’s market capitalization rose from 40% to 48%, he told Bloomberg TV. But as regulators target other tokens, bitcoin’s dominance will reach 80%, he added.
“I think the public is starting to realize that bitcoin is the next bitcoin,” Saylor said. “The next logical step is for bitcoin to be multiplied by 10 and then by 10 again.”
In 2023, the largest cryptocurrency in the world grew by around 82%. Thanks to its good performance, MicroStrategy achieved in the first three months of the year its first profitable quarter for more than two years.
“Conviction in our bitcoin strategy remains strong as the digital asset environment continues to mature,” Chief Financial Officer Andrew Kang said in a statement in May, after the company purchased 7,500 tokens during the quarter.
Saylor, who actively comments on the markets on Twitter (NYSE:), has made other predictions recently, including that the next president will be bitcoin-friendly, that the token is more attractive than , a traditional safe haven, and that he even called the cryptocurrency “immortal”.