As a seasoned researcher with a keen interest in the ever-evolving world of finance and technology, I find MicroStrategy’s latest move to be nothing short of intriguing. Having closely followed their Bitcoin strategy since its inception, I am consistently impressed by their foresight and commitment to this digital asset.
MicroStrategy, a data analysis company, has taken another strategic step by acquiring 21,550 units of Bitcoin.
According to Michael Saylor’s statement, they spent approximately $2.1 billion to purchase bitcoins, with each one costing roughly $98,783 on average. This acquisition increases their bitcoin holdings to about 423,650 coins, which they had previously bought at an average price of $60,324 per coin, totalling around $25.6 billion.
In this recent quarter, their Bitcoin investments have brought about substantial profits with a 43.2% growth. On a yearly basis, the returns have soared by an impressive 68.7%. This approach underscores their conviction that Bitcoin has significant value as a worthwhile asset.
Last week, the company added the 15,400 bitcoins for $1.5 billion, which was $95,976 per bitcoin. As of December 8, 2024, MicroStrategy remains the largest corporate holder of Bitcoin, with their holdings valued at approximately $42 billion, given the current Bitcoin price of around $98,994.
Read More
- AI16Z PREDICTION. AI16Z cryptocurrency
- POL PREDICTION. POL cryptocurrency
- Crypto ETPs hit $44.5b in YTD inflows amid Bitcoin surge
- Hong Kong Treasury says crypto is not a ‘target asset’ for its Exchange Fund
- Li Haslett Chen to Leave Warner Bros. Discovery Board
- EXCLUSIVE: Alia Bhatt in talks with Dinesh Vijan for a supernatural horror thriller; Tentatively titled Chamunda
- Springfield man is convicted for using crypto to finance ISIS operations
- Blockaid new dashboard to track Web3 activity and threats
- SEN PREDICTION. SEN cryptocurrency
- Shiba Inu, Bonk, Pepe prices rebound: Beware of dead cat bounce
2024-12-09 19:34