MicroStrategy Purchases Over 14K BTC With No Signs Of Slowing Down
MicroStrategy remains deeply committed to Bitcoin, as its Founder and Chairman Michael Saylor recently announced the acquisition of an additional 14,620 BTC, totaling $615.7 million. This latest purchase coincides with the upward surge in the value of Bitcoin, reaching heights exceeding $42,000.
Going all in
MicroStrategy initially entered the Bitcoin market in August 2020, initiating a substantial investment of $250 million in BTC. Since then, the company consistently augments its Bitcoin holdings, implementing a treasury reserve strategy that now boasts over 189,150 BTC valued at over $8.11 billion at the present moment.
According to Saylor, on December 27th, 2023, MicroStrategy disclosed that, between November 30th and December 26th of this year, it, along with its subsidiaries, procured around 14,620 BTC for roughly $615.7 million in cash, averaging about $42,110 per BTC, inclusive of fees and expenses.
No stopping now
As of December 26th, MicroStrategy and its subsidiaries collectively possessed approximately 189,150 BTC, obtained at a total purchase price of about $5.895 billion and an average acquisition cost of approximately $31,168 per BTC, inclusive of fees and expenses.
With the impending fourth Bitcoin halving and potential early approval of the first spot Bitcoin ETF in the United States of America, MicroStrategy persists in its robust Bitcoin investment approach, showing no indications of slowing down.
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