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MicroStrategy Boosts Bitcoin Holdings With $561M Investment

23.12.2024 15:10 1 min. read Alexander Zdravkov
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MicroStrategy Boosts Bitcoin Holdings With $561M Investment

MicroStrategy, the business intelligence giant led by Michael Saylor, continues to reinforce its position as a major institutional Bitcoin holder.

The company announced the acquisition of an additional 5,262 BTC at an approximate cost of $561 million, with each Bitcoin purchased at an average price of $106,662.

This latest purchase highlights MicroStrategy’s commitment to its Bitcoin strategy, which has delivered impressive results. The company achieved a Bitcoin yield of 47.4% for the quarter-to-date (QTD) and a staggering 73.7% year-to-date (YTD), reflecting the effectiveness of its investment approach amid volatile market conditions.

As of December 22, 2024, MicroStrategy holds 444,262 BTC in its treasury, representing an investment of approximately $27.7 billion. The average purchase price for these holdings stands at $62,257 per Bitcoin. This makes MicroStrategy one of the largest corporate Bitcoin holders, demonstrating its belief in Bitcoin as a long-term store of value.

Michael Saylor, the company’s chairman and founder, remains a vocal advocate for Bitcoin, often citing its potential as a hedge against inflation and a transformative asset for corporate balance sheets. With this latest acquisition, MicroStrategy solidifies its position at the forefront of Bitcoin adoption in the corporate world.

Alexander has been working in the crypto industry for three years, during which time he has established himself through his active participation in monitoring market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional commitment, but a deep personal passion. He follows the news in the sector daily, analyzes trends, and is excited about every new step in the development of blockchain solutions. His enthusiasm drives him to continuously learn and share knowledge, as he sees the future in digital finance and its role in global transformation.

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