On the heels of Tesla’s announcement to suspend Bitcoin payments for vehicle payments over environmental concerns, MicroStrategy’s Michael Saylor shared on Twitter that his company had purchased an additional 271 BTC, at a cost of $55,387 per coin. The company now holds over 90,000 Bitcoin.
MicroStrategy has purchased an additional 271 bitcoins for $15.0 million in cash at an average price of ~$55,387 per #bitcoin. As of 5/13/2021, we #hodl ~91,850 bitcoins acquired for ~$2.241 billion at an average price of ~24,403 per bitcoin. $MSTRhttps://t.co/EwZnRkAt6k
— Michael Saylor (@michael_saylor) May 13, 2021
On a ‘personal note’, Saylor also stepped up a few hours ago in defense of Bitcoin after its carbon footprint was once again used to bring the cryptocurrency in discredit.
In a series of tweets Saylor outlined Bitcoin’s “Seven Layers of security of Bitcoin”, a must (short)read for anyone interested in cryptocurrency:
#Bitcoin Mining serves as the foundation of the monetary network – critical to its growth, stability, longevity, vitality, & integrity. The Proof of Work architecture is a masterpiece of engineering that anchors the system to the real world, providing Seven Layers of Security.
— Michael Saylor (@michael_saylor) May 13, 2021
Coming back to Tesla’s announcement, Musk confirmed to still be a believer of cryptocurrency, however his concerns mainly regarding coal as an energy source remains. Something that Saylor could agree with:
Agreed. I think we all share the vision of a better world, empowered by technology – powered by clean, renewable energy.
— Michael Saylor (@michael_saylor) May 13, 2021
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