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Microstrategy Purchases More Bitcoin –

Microstrategy Buys More Bitcoin, Now Holds 122,478 BTC — CEO Says Bitcoin Is Taking Gold's Place

Microstrategy purchased more bitcoins in less than two weeks from its last purchase. The company has added 1,434 coins to its treasury, bringing the total holdings to 122,478 coins. The company’s total bitcoin holdings are approximately $6 billion at the time of writing.

Microstrategy Purchases 1,434 More Bitcoins

Another bitcoin-buying company, Microstrategy, has been listed on the Nasdaq. Michael Saylor, CEO, announced Thursday:

Microstrategy has purchased an additional 1,434 bitcoins for ~$82.4 million in cash at an average price of ~$57,477 per bitcoin. As of 12/9/21 we hodl ~122,478 bitcoins acquired for ~$3. 66 billion at an average price of ~$29,861 per bitcoin.

Before this latest purchase, Microstrategy bought 7,002 bitcoins at the end of November.

At the time of writing, the price of bitcoin is $48,736. 87 based on data from Bitcoin.com Markets. Microstrategy’s Bitcoins now have a value of almost $6 billion.

Saylor believes that bitcoin will become a $100 trillion asset class, noting that the cryptocurrency is winning against gold. He stated that digital gold will replace gold in the next decade.

The CEO of Microstrategy discussed the growing adoption of bitcoin worldwide on Yahoo Finance Live on Thursday. He said that bitcoin is threatening gold as an investment and commented on gold as an investment. “The best thing you could do is sell all $10 trillion of gold and buy bitcoin,” Saylor suggested, adding: “Gold is a dead rock. It is the worst performing asset. There is no debate about it. It is impossible to hope for it,” he tweeted:

Once upon a time, gold was the most desirable store of value. Bitcoin is now in its place.

What do you think about Microstrategy buying more bitcoin and Saylor’s comments? Please leave your comments below.

Image Credits: Shutterstock, Pixabay, Wiki Commons

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USAID will change its name to the US Agency for International Humanitarian Assistance (IHA)
By using blockchain technology, it will “radically increase security, transparency, and traceability”
The revamp comes after Elon Musk’s Department of Government Efficiency (DOGE) cut USAID numbers from 10,000 to just under 300 in early February

The Trump administration reportedly wants its United States Agency for International Development (USAID) to “leverage blockchain technology” as it works on renaming the organization.

According to a report from WIRED, a government memo has been circulating among State Department officials detailing plans for USAID. In the 13-page document – first reported on by Politico – it states that as part of the revamp, USAID will change its name to US Agency for International Humanitarian Assistance (IHA).

The memo also suggests “leveraging blockchain technology” which will “radically increase security, transparency, and traceability.”

It adds: “This approach would encourage innovation and efficiency among implementing partners and allow for more flexible and responsive programming focused on tangible impact rather than simply completing activities and inputs.”

USAID staffers on leave

Since US President Donald Trump re-entered the White House, significant changes have been made to organizations in the US. One of which is USAID.

In early February, USAID staff were put on administrative leave “with the exception of designated personnel responsible for mission-critical functions,” according to a government notice.

Following the implementation of Elon Musk’s Department of Government Efficiency (DOGE), staff numbers at USAID have been cut from 10,000 to just under 300.

In a post on X in February, Musk wrote: “USAID is a criminal organization. Time for it to die.”

USAID is a criminal organization.

Time for it to die. https://t.co/sWYy6fyt1k

— Elon Musk (@elonmusk) February 2, 2025

Blockchain in humanitarian efforts

The use of blockchain in humanitarian efforts has been used before with many seeing the potential is can bring. In 2020, UNICEF invested around 135 Ethereum – about $30,000 at the time – into eight companies from seven developing countries to assist in developing prototypes and to scale their projects.

Financial services company AID:Tech turned to the payment rails of stablecoin issuer Circle to provide fraud-resistant disaster relief delivery in USDC in 2021. By doing so, they wanted to reduce inequality and increase opportunities by bringing accountability and transparency to the distribution of federal relief.

Realizing the benefits of blockchain technology, AID:Tech was the first company to use the technology to deliver international aid in 2015.