MicroStrategy, a prominent intelligence firm, has once again made waves in the financial sphere with its latest acquisition of 21,550 bitcoins.
The company’s Michael Saylor disclosed that these bitcoins were purchased for approximately $2.1 billion, amounting to an average price of $98,783 per bitcoin. With this new addition, MicroStrategy’s total bitcoin holdings now stand at 423,650 bitcoins. These have been acquired at an average price of $60,324 per coin, with the cumulative investment reaching around $25.6 billion.
The firm’s Bitcoin investments have proven to be quite lucrative. In the current quarter, it has witnessed a remarkable 43.2% gain, and on a year-to-date basis, the increase stands at an impressive 68.7%. Such outcomes clearly showcase the company’s firm belief in Bitcoin’s potential as a valuable asset.
Just last week, MicroStrategy had already added 15,400 bitcoins to its portfolio for $1.5 billion, at a per-bitcoin price of $95,976. As of December 8, 2024, MicroStrategy continues to hold the top position among corporate Bitcoin holders. Given the current Bitcoin price hovering around $98,994, the value of its holdings is estimated to be approximately $42 billion.
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