As a seasoned investor with a keen eye for emerging markets and a knack for spotting trends, I find MicroStrategy’s aggressive Bitcoin acquisition strategy intriguing. With my first investment in BTC back when it was trading at a mere fraction of its current price, I can appreciate the vision and foresight that Michael Saylor and his team possess.
According to their latest announcement, MicroStrategy – a publicly-traded company specializing in business intelligence – has made another Bitcoin purchase for approximately 5,262 units. These were acquired at an average price of about $106,662 per Bitcoin, resulting in a total expense of roughly $561 million.
On X, microblogging platform, Michael Saylor, the company’s co-founder and chairman, shared an update: This quarter, our BTC earnings amounted to 47.4%, and year-to-date, it reached 73.7%. Currently, we own 444,262 Bitcoins, which were purchased for $27.7 billion.
The company purchased its Bitcoin for an average price of approximately $62,351 per coin, which gives it a total Bitcoin holdings value of around $41.72 billion.
Earlier this month, the amount of Bitcoin held by the business intelligence firm listed on Nasdaq exceeded 400,000 BTC following a $1.5 billion investment in the primary cryptocurrency. This strategic move towards Bitcoin accumulation has sparked similar actions among other companies.
One such company is Marathon Digital Holdings, a cryptocurrency miner that has accumulated 44,394 BTC worth around $4.1 billion, making it the second-largest corporate holder of the cryptocurrency.
Over time, numerous Bitcoin miners and Tesla, among others, have amassed Bitcoin in their assets. According to BitcoinTreasuries data, these publicly traded companies now collectively hold approximately 587,470 BTC, which is equivalent to around $54.9 billion and represents about 2.8% of the total supply of this cryptocurrency.
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2024-12-23 23:09