MicroStrategy, a leading corporate investor in Bitcoin, recently acquired 15,350 BTC for about $1.5 billion, raising its total holdings to 439,000 BTC valued at approximately $45.6 billion. The purchase, made between December 9 and 15 at an average price of $100,386 per Bitcoin, is part of the company’s aggressive investment strategy led by founder Michael Saylor. Saylor expressed his intention to continue buying Bitcoin even if prices rise to $1 million per coin. Additionally, MicroStrategy is set to join the Nasdaq-100 Index next week, coinciding with a significant surge in its stock price, which has spiked 490% this year.
MicroStrategy Expands Bitcoin Holdings with $1.5 Billion Purchase
MicroStrategy has made headlines again, announcing the purchase of an additional 15,350 Bitcoin (BTC) for approximately $1.5 billion. This acquisition, reported on December 16, shows the company’s unwavering commitment to its cryptocurrency strategy.
Between December 9 and 15, MicroStrategy acquired this latest batch of Bitcoin at an average price of $100,386 per BTC, primarily funded through proceeds from a recent sale of shares under a convertible notes agreement. With this purchase, MicroStrategy’s total Bitcoin holdings now amount to 439,000 BTC, valued at around $45.6 billion, purchased at an average cost of $61,725 per BTC.
Michael Saylor, the founder of MicroStrategy, expressed confidence in Bitcoin’s performance, highlighting a remarkable 72.4% yield year-to-date, alongside a 46.4% yield for the quarter. This robust performance aligns with Saylor’s recent statements that he intends to continue buying Bitcoin, even at future prices exceeding $100,000 per coin.
MicroStrategy’s stock is also on the rise, with a 490% increase this year. The company will join the Nasdaq-100 Index on December 23, boosting interest in its shares. Following this announcement, MicroStrategy’s stock increased by 3% in premarket trading.
At present, Bitcoin is trading at approximately $103,941, reflecting a 1.3% increase over the last 24 hours. As MicroStrategy continues to make bold moves in the cryptocurrency Market, the company solidifies its position as a leading corporate Bitcoin holder.
Tags: MicroStrategy, Bitcoin acquisition, cryptocurrency, Nasdaq 100, Michael Saylor, BTC price.
What did MicroStrategy do recently with Bitcoin?
MicroStrategy bought 15,300 Bitcoin for $1.5 billion. This brought their total Bitcoin holdings to about 439,000 BTC.
Why is MicroStrategy buying so much Bitcoin?
MicroStrategy believes that Bitcoin is a strong store of value. They think it will protect their assets against inflation and uncertainty in the economy.
How does this purchase affect Bitcoin’s price?
When a big company like MicroStrategy buys a large amount of Bitcoin, it can create positive interest in the Market. This often leads to an increase in Bitcoin’s price as more people want to buy.
Is MicroStrategy the only company investing in Bitcoin?
No, many companies and institutional investors are buying Bitcoin. MicroStrategy is one of the most well-known, but others are also holding large amounts of Bitcoin.
What should investors consider now?
Investors should keep an eye on Market trends and news. They should also think about their own financial situation and risks before investing in Bitcoin or any cryptocurrency.
