As a seasoned crypto investor with a penchant for keeping my finger on the pulse of market trends, I must admit that MicroStrategy’s latest Bitcoin acquisition has left me thoroughly impressed. With their recent purchase of 15,350 BTC, they have solidified their position as one of the largest Bitcoin holders globally.
MicroStrategy boosts its Bitcoin portfolio by purchasing an additional $1.5 billion worth of the cryptocurrency, now holding a total of 439,000 Bitcoins, further solidifying its leading role in the market.
In a significant move, MicroStrategy recently purchased 15,350 Bitcoins at a total cost of $1.5 billion on December 16th. This is the first time that MicroStrategy has ever bought Bitcoin when each coin was priced above $100,000. The average price they paid for a single Bitcoin was approximately $100,386.
MicroStrategy currently possesses approximately 439,000 Bitcoins following its recent purchase. The estimated worth of these holdings amounts to around $27.1 billion. On average, MicroStrategy has acquired each Bitcoin at a price of roughly $61,725. As a result, this corporation ranks among the world’s top Bitcoin holders today.
Indeed, MicroStrategy has reaped big from its Bitcoin investment policy. For QTD up to December 15, 2024, the company yielded 46.4% of Bitcoin. The yield for this year or YTD is at 72.4%. The following figures indicate a marked up for of Bitcoin this year.
Following a significant purchase on December 10, 2024, MicroStrategy made another one. On that day, they bought 21,550 Bitcoins at an overall cost of $2.1 billion, equating to approximately $98,783 per Bitcoin. In total, these two transactions amounted to over $3.6 billion.
MicroStrategy Expands Bitcoin Holdings to 439,000 BTC
This ongoing purchase behavior is an integral part of MicroStrategy’s long-term investment strategy, which they have maintained persistently over time. In fact, the company has been amassing Bitcoin for years, viewing it as a type of digital currency. It’s significant to mention that their approach towards Bitcoin remains unaltered, even during periods of extreme volatility in its market price.
Michael Saylor, as executive chairman of MicroStrategy, spearheads their approach. For quite some time, Saylor has been optimistic about Bitcoin, viewing it as a protection against inflation and a wise investment for the future. This perspective is what drives the company’s decisions when buying Bitcoins.
As a crypto investor, I’ve noticed that the focus among us has been shifting towards MicroStrategy’s Bitcoin holdings lately. Many of us are intrigued to see how these investments fare over time. While Bitcoin’s value is volatile and can fluctuate significantly, MicroStrategy’s substantial investment means they have a lot riding on the success of Bitcoin’s growth.
Ultimately, MicroStrategy continues to invest in Bitcoin, with its latest acquisition amounting to $1.5 billion. This move is part of its long-term strategy. Now holding approximately 439,000 BTC, MicroStrategy maintains a strong influence within the digital currency market.
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2024-12-19 00:24