Crypto News
| Published On May 14, 2021 6:10 am CEST  |  Updated on Aug 3, 2021 5:42 pm CEST | By Peter Siu

MicroStrategy’s Michael Saylor strikes back and announces purchase of an additional 271 Bitcoin

Share

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.

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:

Get 125% / $2,500 on 1st deposit!
New players only. Exclusive Welcome Bonus of up to $2,500
Casino & Sports

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:

Peter Siu

Peter is a former poker-pro, turned crypto enthusiast with 8+ years’ experience in operational roles dealing with all online gaming verticals within large iGaming companies, including Flutter and Entain. Now an expert in the field of Sports Betting, Casino, iGaming, and Poker, he is our team leader and editor. When not working, Peter can be found in the gym or playing sports like football, tennis and more recently padel.

Tags: Bitcoin