Breaking: MicroStrategy Acquires 15,350 BTC For $1.5 Billion

by

As a seasoned crypto investor with a knack for spotting trends and a penchant for high-stakes investments, I find MicroStrategy’s relentless Bitcoin buying spree nothing short of intriguing. Having watched the crypto market ebb and flow for years, I can confidently say that this isn’t just another company jumping on the bandwagon.

MicroStrategy recently disclosed a fresh Bitcoin investment worth approximately $1.5 billion. This move follows closely on the heels of their recent addition to the Nasdaq-100 index, and it represents their sixth such purchase over the past seven days.

MicroStrategy Acquires 15,350 BTC For $1.5B

In a recent announcement, MicroStrategy disclosed that it purchased 15,350 Bitcoins for approximately $1.5 billion, equating to around $100,386 per Bitcoin. This acquisition has resulted in a quarterly return of 46.4% and an annual return of 72.4%, as of the current reporting period.

Currently, the software firm owns approximately 439,000 Bitcoins, which it bought for a staggering $27.1 billion. On average, each Bitcoin cost them around $61,725. This makes them one of the biggest players in Bitcoin ownership, as they hold over 2% of the total Bitcoin supply. They are also recognized as the public company with the most significant Bitcoin holdings.

MicroStrategy continues to accelerate its Bitcoin acquisition, even after holding over 2% of the entire Bitcoin market. This latest purchase makes it their sixth within a six-week span starting in November. Last week alone, the software firm added another 21,550 BTC to its holdings at a cost of $2.1 billion.

Read More

2024-12-16 16:24