MicroStrategy, a number one enterprise intelligence and software program firm, has continued its steadfast dedication to Bitcoin by buying an extra 14,620 BTC for a complete value of $615.7 million, Founder and Chairman Michael Saylor introduced as we speak. The acquisition got here as Bitcoin’s value noticed upward momentum, reaching highs of over $42,000.
The corporate initially entered the Bitcoin market in August 2020, making a big preliminary funding of $250 million in Bitcoin. Since then, they’ve frequently added to their Bitcoin holdings, making a treasury reserve technique that has amassed over 189,150 BTC price over $8.11 billion on the time of writing.
On December 27, 2023, MicroStrategy Integrated (“MicroStrategy”) introduced that between November 30, 2023 and December 26, 2023, MicroStrategy, along with its subsidiaries, acquired roughly 14,620 Bitcoins for roughly 615.7 million USD in money, at a mean value of roughly USD 42,110 per bitcoin, together with charges and bills, MicroStrategy reported. “As of December 26, 2023, MicroStrategy, together with its associates, held a complete of roughly 189,150 cash. Bitcoin, which was acquired for an combination buy value of roughly US$5.895 billion and a mean buy value of roughly US$31,168 per bitcoin, together with charges and bills.”
With the fourth Bitcoin halving shortly approaching, and the primary U.S. Bitcoin ETF could also be authorized as early as the brand new yr, MicroStrategy continues its aggressive Bitcoin funding technique with no indicators of slowing down.