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Nasdaq-listed business intelligence firm MicroStrategy has added 7,002 Bitcoins to its totals and is now holding 121,044 Bitcoins worth around $6.8 billion. The latest purchase was announced by CEO and Bitcoin bull Michael Saylor on Monday.
Saylor recently opined Bitcoin had the potential to grow 100x towards a $100 trillion asset class and that it is gaining grounds on gold. He said that “digital gold is going to replace gold this decade.”
Following reports that India is considering a ban on cryptocurrencies, the MicroStrategy executive took to Twitter for some free advice:
On Friday Friday, Saylor reiterated his stance that Bitcoin is a stronger alternative than gold, stating that it “is the only property you can truly own, as well as the first technology capable of granting property rights to everyone on earth”:
MicroStrategy’s latest purchases had already been some time ago. Three months ago the company bagged 5,050 Bitcoin.