It seems like a recurring event now, but MicroStrategy, the world’s largest corporate holder of BTC, has announced another massive acquisition.
This time, the firm spent $2.1 billion at an average price of $98,782 to acquire 21,550 BTC.
With this quite substantial purchase, Saylor and his team have increased the firm’s total bitcoin stash to 423,650 BTC. At current prices, this fortune equates to roughly $42 billion.
Given that the company spent $25.6 billion to accumulate it, this means that the NASDAQ-listed giant now sits on an unrealized profit worth more than $17 billion.
Recall that MicroStrategy has continuously been announcing large BTC purchases for the past four Mondays.
In a recent interview, Saylor, the bitcoin champion of the firm, said they will keep purchasing the asset’s top even when it surges to $1 million. He envisioned that the cryptocurrency will continue to surge in value in the following decades and will skyrocket to $13 million per BTC by 2045.
The post MicroStrategy’s Bitcoin Stash Rises to 423,650 BTC After Another Multi-Billion Dollar Purchase appeared first on CryptoPotato.
This time, the firm spent $2.1 billion at an average price of $98,782 to acquire 21,550 BTC.
MicroStrategy has acquired 21,550 BTC for ~$2.1 billion at ~$98,783 per #bitcoin and has achieved BTC Yield of 43.2% QTD and 68.7% YTD. As of 12/8/2024, we hodl 423,650 $BTC acquired for ~$25.6 billion at ~$60,324 per bitcoin. $MSTR https://t.co/8r7bFqMFof
— Michael Saylor(@saylor) December 9, 2024
With this quite substantial purchase, Saylor and his team have increased the firm’s total bitcoin stash to 423,650 BTC. At current prices, this fortune equates to roughly $42 billion.
Given that the company spent $25.6 billion to accumulate it, this means that the NASDAQ-listed giant now sits on an unrealized profit worth more than $17 billion.
Recall that MicroStrategy has continuously been announcing large BTC purchases for the past four Mondays.
In a recent interview, Saylor, the bitcoin champion of the firm, said they will keep purchasing the asset’s top even when it surges to $1 million. He envisioned that the cryptocurrency will continue to surge in value in the following decades and will skyrocket to $13 million per BTC by 2045.
The post MicroStrategy’s Bitcoin Stash Rises to 423,650 BTC After Another Multi-Billion Dollar Purchase appeared first on CryptoPotato.
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