MicroStrategy replenished their portfolio with bitcoins

The Michael Saylor Investment Fund published on its Twitter account information about the next replenishment of its portfolio with new bitcoins. This time the company forked out 2,500 BTC, however, given the price of bitcoin today, this could be a great investment for the future and buying BTC at a 70% discount.

After the investment fund replenished the portfolio, the total state of MicroStrategy is now 132.5000 BTC, which can be estimated at $4,030,000,000. According to their information, the average cost of buying bitcoin was $30,397.

Michael Saylor is a well-known entrepreneur and bitcoin enthusiast. He co-founded the MicroStrategy investment fund. At the time of the rise of Bitcoin, the wealth of the 57-year-old rich man was estimated at several billion dollars. After the drawdown of the flagship crypto asset, Michael left the club of billionaires. Now he has many millions of dollars in BTC in his assets.

We have previously covered various expert opinions that make the case for why Bitcoin will have to rise in 2023 and we are on the cusp of a new bull cycle. Other experts say that for now we will still be moving downwards for some time .