MicroStrategy Buys 21,550 Bitcoins for $2.1 Billion
09.12.2024 15:53 1 min. read Kostadin Dimitrov
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
Bitcoin Struggles in Q1: Will Accumulation Signal a Comeback?
01.04.2025 19:00 2 min. read -
2
Experts Predict Major Crypto Move as Bitcoin-Altcoin Correlation Drops
06.04.2025 13:00 2 min. read -
3
Michael Saylor Doubles Down on Bitcoin Advocacy with New Call to “Buy the Future”
11.04.2025 11:00 1 min. read -
4
Crypto Expert Sees Bitcoin Going for a Rally After Tariff Shock
04.04.2025 12:00 2 min. read -
5
Bitcoin ETFs See $100 Million Outflow as Tariff News Shakes Markets
04.04.2025 13:26 2 min. read
Semler Scientific Boosts Bitcoin Treasury Following $10M Acquisition
Semler Scientific has quietly built up a sizable Bitcoin position, acquiring 111 BTC between mid-February and late April for a total of $10 million.
Arkansas City Halts Crypto Mining Plans Amid Public Backlash
Arkansas City has officially canceled its planned crypto mining project following intense opposition from residents and key stakeholders.
Solana Poised to Outperform Bitcoin, Says Leading Analyst
A closely watched crypto analyst, known as InvestAnswers, believes that while Bitcoin (BTC) remains in a clear uptrend, Solana (SOL) is positioned to outperform the leading cryptocurrency.
Tim Draper Declares Gold Is Dead, Touts Bitcoin’s Superiority
Legendary venture capitalist Tim Draper reignited the Bitcoin-versus-gold debate this week with bold claims on social media.
-
1
Bitcoin Struggles in Q1: Will Accumulation Signal a Comeback?
01.04.2025 19:00 2 min. read -
2
Experts Predict Major Crypto Move as Bitcoin-Altcoin Correlation Drops
06.04.2025 13:00 2 min. read -
3
Michael Saylor Doubles Down on Bitcoin Advocacy with New Call to “Buy the Future”
11.04.2025 11:00 1 min. read -
4
Crypto Expert Sees Bitcoin Going for a Rally After Tariff Shock
04.04.2025 12:00 2 min. read -
5
Bitcoin ETFs See $100 Million Outflow as Tariff News Shakes Markets
04.04.2025 13:26 2 min. read
