MicroStrategy Acquires 402,100 BTC with $1.5 Billion Investment at $95,976
Key Points:
- MicroStrategy’s latest Bitcoin purchase brings its holdings to 402,100 BTC.
- As of December 2, 2024, the company’s total Bitcoin investment now exceeds $23.4 billion.
- MicroStrategy’s average price per Bitcoin stands at $58,263, signaling long-term solid confidence.
MicroStrategy announced plans to buy an additional 15,400 BTC for $1.5 billion.
Total Bitcoin Holdings Reach Over 402,100 BTC
This latest purchase comes at an average price of $95,976 per Bitcoin, underscoring the company’s continued confidence in the cryptocurrency market’s future.
As of December 2, 2024, MicroStrategy’s total Bitcoin now surpasses 402,100 BTC, with an accumulated investment of about $23.4 billion. This latest acquisition further bolsters the company’s crypto portfolio, which has increased gradually over the last few years. At an average price of $58,263 per Bitcoin, the company has seen all the ups and downs in the market and proved its dedication to a long-term strategy of Bitcoin.
Read more: MicroStrategy Executive Chairman Optimistic Bitcoin Could Hit $280T Market Cap in 2045
MicroStrategy Acquires 15,400 BTC for $1.5 Billion Investment
Acquiring 15,400 BTC reinforces the unwavering belief in the potential of Bitcoin as a store of value and inflation hedge by MicroStrategy. For a long time now, CEO Michael Saylor has remained vocal about Bitcoin because of its superiority over all fiat currencies. He also stated such action is a hedge against company finances. This most recent acquisition aligns with the company’s ongoing strategy of ramping up its Bitcoin exposure that began in 2020.
The decision to acquire more Bitcoin at an average price significantly higher than its initial purchases signals confidence in the future price appreciation of the digital asset. This contrasts the strategy of some institutional investors who, in recent months, have become more cautious.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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MicroStrategy Acquires 402,100 BTC with $1.5 Billion Investment at $95,976
Key Points:
- MicroStrategy’s latest Bitcoin purchase brings its holdings to 402,100 BTC.
- As of December 2, 2024, the company’s total Bitcoin investment now exceeds $23.4 billion.
- MicroStrategy’s average price per Bitcoin stands at $58,263, signaling long-term solid confidence.
MicroStrategy announced plans to buy an additional 15,400 BTC for $1.5 billion.
Total Bitcoin Holdings Reach Over 402,100 BTC
This latest purchase comes at an average price of $95,976 per Bitcoin, underscoring the company’s continued confidence in the cryptocurrency market’s future.
As of December 2, 2024, MicroStrategy’s total Bitcoin now surpasses 402,100 BTC, with an accumulated investment of about $23.4 billion. This latest acquisition further bolsters the company’s crypto portfolio, which has increased gradually over the last few years. At an average price of $58,263 per Bitcoin, the company has seen all the ups and downs in the market and proved its dedication to a long-term strategy of Bitcoin.
Read more: MicroStrategy Executive Chairman Optimistic Bitcoin Could Hit $280T Market Cap in 2045
MicroStrategy Acquires 15,400 BTC for $1.5 Billion Investment
Acquiring 15,400 BTC reinforces the unwavering belief in the potential of Bitcoin as a store of value and inflation hedge by MicroStrategy. For a long time now, CEO Michael Saylor has remained vocal about Bitcoin because of its superiority over all fiat currencies. He also stated such action is a hedge against company finances. This most recent acquisition aligns with the company’s ongoing strategy of ramping up its Bitcoin exposure that began in 2020.
The decision to acquire more Bitcoin at an average price significantly higher than its initial purchases signals confidence in the future price appreciation of the digital asset. This contrasts the strategy of some institutional investors who, in recent months, have become more cautious.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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