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.
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.
According to renowned market veteran Peter Brandt, trading isn’t the path to prosperity for the vast majority of people.
Charles Edwards, founder and CEO of Capriole Investments, has offered a fresh perspective on Bitcoin’s stalled price movement near the $100,000 mark, despite growing institutional enthusiasm.
Metaplanet has expanded its Bitcoin treasury with a new acquisition of 1,005 BTC valued at approximately $108.1 million, further cementing its status as one of the largest corporate holders of the digital asset.