MicroStrategy invested another $5.3 million in bitcoin (BTC) in October. It acquired 155 BTC.
The giant now holds 0.75% of bitcoin’s total supply.
MicroStrategy founder Michael Saylor confirmed in an interview with CNBC the day before that his company will continue to buy the cryptocurrency. Its value will increase in the coming years as global inflation accelerates.
The banking sector will begin to purchase bitcoins and provide services to customers to store and exchange such instruments.
Saylor supports the position of the Securities and Exchange Commission (SEC) and its head Gary Gensler, who believes that it is necessary to establish strict control over the market of digital currencies.
Moreover, all altcoins should be regulated using securities laws, but bitcoin does not fall under them. This instrument is qualitatively different from all other digital assets.