Digital Assets: Bitcoin PermaBull MicroStrategy Loads Up On Another $82M

MicroStrategy CEO Michael Saylor tweeted about the company’s latest purchase of bitcoin.
MicroStrategy (NASDAQ: MSTR), which is led by bitcoin evangelist Michael Saylor, has reeled in a fresh tranche of 1,434 bitcoins, paying about $82.4 million in cash at an average price of approximately ~$57,477 per bitcoin, according to a tweet from Saylor. (CryptoNews)
After this latest purchase, as on date, MicroStrategy holds about 122,478 bitcoins for which it paid approximately $3.66 billion at an average price of $29,861 per bitcoin.
Paper profit of $2.3 billion
Based on the current price of $48,699.15 per bitcoin, the company is sitting on a paper profit of about $2.31 billion.
According to an SEC filing, MicroStrategy financed the purchase of these bitcoins through the issue and sale of an aggregate of 119,828 Shares under an Open Market Sale Agreement with Jefferies LLC, at an average gross price per Share of approximately $693.10, for aggregate net proceeds to the Company (less sales commissions and expenses) of approximately $82.4 million.
Mike McGlone bullish on bitcoin
Meanwhile, another bitcoin bull, Bloomberg’s Senior Commodity Strategist Mike Mcglone tweeted that 2022 could usher in prices of $100,000 #Bitcoin, $50 #Oil, and $2,000 #Gold.
“Peaking commodities and the declining yield on the Treasury long bond point to risks of reviving deflationary forces in 2022, with positive ramifications on Bitcoin and gold,” he reasoned.
Related Story: MicroStrategy’s Saylor, El Salvador’s Bukele Both Buy The Bitcoin Dip

Latest Alternative Investment News

Venture Capital: JMI Closes Oversubscribed Fund XI At $2.4B
JMI Equity has closed JMI Equity Fund XI and JMI XI Executive Fund with total commitments of $2.4 billion. The oversubscribed fund received strong support from new and existing investors,…

Alternative Investments/ESG: Fidelity Debuts Climate-Focused, Global Bond ETF In Europe
Fidelity International has launched a new fixed income ETF in Europe, targeting climate-conscious investors. The Fidelity Global Government Bond Climate Aware UCITS ETF is designed to provide exposure to a…

FinTech: Users Can Now Receive Western Union Remittances Into Vietnam’s Highly Popular MoMo App
Western Union and MoMo have announced a collaboration enabling MoMo’s 31 million customers to receive Western Union money transfers through the MoMo app. This is the first time Western Union’s…

Artificial Intelligence: Accenture Snaps Up India-Headquartered Industrial AI Firm Flutura
Accenture (NYSE: ACN), a global professional services company, has announced its acquisition of Flutura, an industrial artificial intelligence (AI) company based in Bangalore, India. Flutura specializes in industrial data science…