Yello Paradisers! MicroStrategy, under the leadership of founder Michael Saylor, has continued its significant investment in Bitcoin. The company recently disclosed the purchase of an additional 14,620 Bitcoins. This acquisition occurred between November 30 and December 26, with a total expenditure of approximately $616 million.
Purchase Details and Strategy
The purchase was executed at an average price of $42,110 per Bitcoin, indicating MicroStrategy’s strong belief in the long-term value of Bitcoin. Michael Saylor, in his announcement on his social media account, detailed this latest expansion of MicroStrategy’s Bitcoin holdings.
MicroStrategy’s Bitcoin Holdings
As of December 26, 2023, MicroStrategy’s total Bitcoin holdings stood at 189,150 BTC. These were acquired at an aggregate purchase price of approximately $5.9 billion, translating to an average acquisition cost of $31,168 per BTC. This substantial investment reflects the company’s ongoing strategy to integrate Bitcoin into its treasury operations.
MicroStrategy’s continued investment in Bitcoin reinforces the growing trend of major corporations integrating cryptocurrencies into their financial strategies. The company’s significant Bitcoin holdings position it as a key player in the cryptocurrency market, reflecting its confidence in the digital asset’s future potential.
