Everscale Partner
The value of the first cryptocurrency continues to rise amid the news of being purchased by a public company from Germany.
On the morning of February 17, the bitcoin rate updated its historical maximum, reaching $51.3 thousand. After that, the cost of the cryptocurrency decreased, to $50.7 thousand. Over the past day, the asset has increased in price by 3%.
The price of the main digital coin is growing amid news that SynBiotic SE, whose securities are listed on the Dusseldorf Stock Exchange, announced the transfer of part of the funds to bitcoin. The firm said in a statement that the move was prompted by concerns about a massive devaluation of the euro and dollar.
“We have more confidence in bitcoin in the long term than in euros or dollars, the money supply of which can be immeasurably increased,” said Lars Müller, CEO of SynBiotic SE.
Earlier it became known that the largest holder of bitcoin among public companies, MicroStrategy, is preparing to invest another $600 million in the first cryptocurrency. To do this, it will place a bond issue maturing in February 2027 and the possibility of early redemption of securities from February 2024.
