As a seasoned researcher with years of experience in the dynamic world of finance and technology, I find myself intrigued by MicroStrategy’s bold move into Bitcoin. Having closely followed the crypto market’s meteoric rise, I can confidently say that this is a strategic play that could potentially redefine the landscape of corporate investments.
The business intelligence company, MicroStrategy, has declared that it’s bought Bitcoin for $1.54 billion, making it the latest addition to their holdings and continuing their Bitcoin-buying trend over the past week.
For the first time ever, the company shelled out an average sum of $100,386 per coin in its recent acquisition, now venturing into six-digit figures.
Currently, the company owns approximately 439 thousand Bitcoins, which they acquired for a total cost of around $27.1 billion. On average, they spent about $61,725 per Bitcoin.
According to U.Today, the Virginia-based business intelligence firm had earlier announced a purchase worth $2.1 billion on December 9. Now, it appears they are well beyond their fundraising goal, which was initially revealed in October.
Shares of MicroStrategy (MSTR) have risen over 3.5% before market hours, due to the company being added to the Nasdaq-100 index on Friday.
Meanwhile, Bitcoin recently reached a new record high of $106,352, according to CoinGecko data.
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2024-12-16 16:29