MicroStrategy announced the purchase of an additional 14,620 BTC for approximately $615.7 million.
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MicroStrategy has acquired an additional 14,620 BTC for ~$615.7 million at an average price of $42,110 per #bitcoin. As of 12/26/23, @MicroStrategy now hodls 189,150 $BTC acquired for ~$5.9 billion at an average price of $31,168 per bitcoin. $MSTR https://t.co/PKfYY59sTW
— Michael Saylor⚡️ (@saylor) December 27, 2023
The founder of the company, Michael Saylor, noted that the transactions were made between November 30 and December 26 at an average rate of $42,110.
As of now, MicroStrategy holds a total of 189,150 BTC, purchased for $5.9 billion – a price per coin of $31,168.
According to BitcoinTreasuriesat the time of writing, the firm’s potential cryptocurrency earnings exceed $2.2 billion. MicroStrategy’s Bitcoin holdings account for 86% of its market capitalization.
In October, the company purchased 155 BTC for $5.3 million. At the end of November, the company reported purchasing 16,130 BTC for $593.3 million. For the entire third quarter of 2023, the figure reached 6067 BTC.
Previously, North Rock Digital founder Hal Press criticized the firm’s strategy for acquiring Bitcoin. In his opinion, MicroStrategy will have to sell “eventually every coin.”
Let us recall that in December, Saylor allowed the first cryptocurrency to fall to zero or rise to $1 million. He also stated that the approval of spot Bitcoin ETFs would be one of the most important events for the financial market in the last 30 years.
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2023-12-27 14:58:08
#MicroStrategy #Acquires #Bitcoin #Million #ForkLog
