As a seasoned analyst with a keen eye for market trends, I find MicroStrategy’s recent Bitcoin acquisition move quite intriguing. With a background that has seen me navigating through bull and bear markets, I must say that this is an interesting strategy indeed.
MicroStrategy recently made another Bitcoin acquisition, a move coming just a week after their previous purchase of 27,200 BTC. This latest purchase raises their total Bitcoin holdings to an impressive 331,200, solidifying their standing as one of the largest Bitcoin owners in the market.
MicroStrategy Acquires 51,780 Bitcoin
As a proud crypto investor, I recently learned that our company has made a significant move in the market by purchasing approximately 51,780 Bitcoins for around $4.6 billion. This means each Bitcoin was acquired at an average price of roughly $88,627.
Currently, MicroStrategy ranks among the top five entities holding Bitcoin, with other major players including Satoshi Nakamoto, Binance, BlackRock, and Grayscale. This corporation controls approximately 1.2% of the entire Bitcoin market’s supply.
In the past week, they’ve made another significant purchase, which follows their acquisition of 27,200 Bitcoins for approximately $2 billion. Moreover, this software firm has disclosed its plans to secure an additional $42 billion and potentially buy more Bitcoin over the next three years.
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2024-11-18 16:19