As a seasoned researcher with a penchant for all things cryptocurrency and a keen eye for market trends, today’s announcement by MicroStrategy’s co-founder Michael Saylor has piqued my interest yet again. While the company’s latest Bitcoin acquisition is slightly smaller compared to its previous purchases, it’s clear that their commitment to Bitcoin remains unwavering.
In simpler terms, MicroStrategy continued its series of Bitcoin purchases on a Monday, as confirmed by its co-founder Michael Saylor just now.
On this occasion, the company opted for a more restrained approach by investing less than a billion dollars to procure approximately 5,262 Bitcoins.
MicroStrategy recently purchased approximately 5,262 Bitcoins for roughly $561 million, which equates to around $106,662 per Bitcoin. This acquisition has resulted in a Quarter-to-Date (QTD) yield of 47.4% and Year-to-Date (YTD) yield of 73.7%. As of December 22, 2024, we hold a total of 444,262 Bitcoins, which were acquired for approximately $27.7 billion, with each Bitcoin costing around $62,257. The symbol for this company is $MSTR.
— Michael Saylor (@saylor) December 23, 2024
Previously, all the MicroStrategy acquisitions, which we learned about each Monday, had a much higher value in U.S. dollars. To be precise, each one was worth more than a billion dollars.
Today’s revelation shares that the company acquired 5,262 Bitcoin at an average cost of approximately $106,662 each, thereby expanding their holdings to a total of 444,262 Bitcoin. A larger quantity was therefore bought prior to Wednesday, as the value of Bitcoin began to decline since then and has stayed below the $100,000 mark since Thursday.
MicroStrategy has spent $27.7 billion to acquire its bitcoin fortune, whose value now has skyrocketed $42.6 billion as of today’s prices, despite BTC’s correction.
As a researcher, I’ve been tracking MicroStrategy’s stock performance, and it’s quite astonishing to see its growth. In just a year, its share price has skyrocketed by an impressive 400%. At this very moment, the value of each share stands at $364. Moreover, today marks another significant milestone for MSTR as their shares are set to join the Nasdaq 100 index.
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2024-12-23 16:44