MicroStrategy Buys 21,550 Bitcoins for $2.1 Billion
09.12.2024 15:53 1 min. read Kosta Gushterov
MicroStrategy has made a significant move in the cryptocurrency market, acquiring 21,550 Bitcoins (BTC) for a total of $2.1 billion in cash from December 2 to 8.
The company’s founder, Michael Saylor, confirmed the purchase and shared details, stating that the average cost per Bitcoin was approximately $98,783.
This latest acquisition has led to impressive returns, with a 43.2% gain for the quarter and a 68.7% increase year-to-date.
As of December 8, 2024, MicroStrategy’s total Bitcoin holdings have reached 423,650 BTC, with an average purchase price of $60,324, amounting to a total value of around $25.6 billion.
-
1
Arthur Hayes Sees Trouble Ahead for Bitcoin as Global Tensions Rise
12.06.2025 21:00 2 min. read -
2
Why Michael Saylor Bet on Bitcoin During the COVID Cash Crisis
12.06.2025 19:00 2 min. read -
3
Nasdaq-Listed Mercurity Aims to Join Bitcoin Treasury Trend
13.06.2025 9:00 1 min. read -
4
Whale Leverages $30M on Bitcoin: Is a Parabolic Move Coming?
11.06.2025 21:00 1 min. read -
5
Pakistan Turns Unused Power Into Bitcoin and AI Infrastructure
13.06.2025 22:00 1 min. read
Bitcoin Market Stalls as Profit-Taking, Whale Dispersal, and Sideways Action Define the Cycle
The Bitcoin market is entering a complex phase marked by rising realized profits, reduced whale balances, and historically prolonged sideways price movement.
UniCredit to Launch Structured Product Tied to BlackRock’s Spot Bitcoin ETF
European banking giant UniCredit is preparing to offer its professional clients a new investment product linked to BlackRock’s spot Bitcoin ETF (IBIT), according to a report by Bloomberg.
American State Bans Crypto Investments and Payments in Sweeping New Law
Connecticut has officially distanced itself from government adoption of digital assets like Bitcoin. On June 30, Governor Ned Lamont signed House Bill 7082 into law, placing sweeping restrictions on how the state and its agencies can engage with cryptocurrencies.
Strategy Boosts Bitcoin Holdings to 597,325 BTC with Latest Purchase
Bitcoin giant Strategy has added another 4,980 BTC to its reserves in a purchase worth approximately $531.9 million, according to Executive Chairman Michael Saylor.
-
1
Arthur Hayes Sees Trouble Ahead for Bitcoin as Global Tensions Rise
12.06.2025 21:00 2 min. read -
2
Why Michael Saylor Bet on Bitcoin During the COVID Cash Crisis
12.06.2025 19:00 2 min. read -
3
Nasdaq-Listed Mercurity Aims to Join Bitcoin Treasury Trend
13.06.2025 9:00 1 min. read -
4
Whale Leverages $30M on Bitcoin: Is a Parabolic Move Coming?
11.06.2025 21:00 1 min. read -
5
Pakistan Turns Unused Power Into Bitcoin and AI Infrastructure
13.06.2025 22:00 1 min. read