MicroStrategy Buys $1.5 Billion Worth of Bitcoin

As a seasoned crypto investor with a decade of experience under my belt, I can’t help but feel a sense of admiration for MicroStrategy’s bold Bitcoin strategy. I remember when they first started accumulating BTC back in 2020, and now they hold an impressive 402,100 coins! It’s like watching the rise of the Phoenix, but in the world of crypto.


To kick off this month, the Virginia-headquartered data analytics company, MicroStrategy, made another significant acquisition of Bitcoin.

The red-hot added has added 15,400 BTC (roughly $1.5 billion) to its coffers. 

The company now holds an astonishing 402,100 BTC following its most recent purchase. 

Currently, MicroStrategy’s average purchase price is nearing the $60,000 level, with a current value of $58,263.

The company’s shares are up 0.27% in pre-market trading following the Monday announcement. 

Meanwhile, Bitcoin is currently trading at $95,556 after declining by 1.7% over the past 24 hours. 

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2024-12-02 16:27