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’s market signal has officially shifted back into a low-risk phase, according to a new chart shared by Bitcoin Vector in collaboration with Glassnode and Swissblock.
Financial author Robert Kiyosaki is once again sounding the alarm on America’s economic health.
Metaplanet Inc., a Tokyo-listed company, has just added 780 more Bitcoin to its treasury. The purchase, announced on July 28, cost around ¥13.666 billion or $92.5 million, with an average price of $118,622 per BTC.
The United States and China are expected to extend their trade truce by 90 days. The extension would delay new tariffs and create space for fresh negotiations in Stockholm.