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Can’t Stop Buying Bitcoin! MicroStrategy Purchases $1.5 Billion Worth of BTC
In a shocking move, MicroStrategy, the company led by Michael Saylor, has once again demonstrated its unwavering commitment to the growth and adoption of Bitcoin. In an astonishing acquisition, the firm has purchased 15,350 additional BTC for an approximate value of $1.5 billion.
This massive purchase brings the company’s total reserves to a staggering 439,000 BTC, valued at approximately $27.1 billion. The average purchase price per BTC sits comfortably at around $100,386. This acquisition is testament to MicroStrategy’s aggressive and strategic approach in accumulating this digital asset.
The impressive returns on these investments are evident, with the company reporting a staggering 72.4% return so far this year and an astonishing 46.4% quarterly profit margin. The success of their strategy has led to their position as one of the largest institutional holders of Bitcoin.
MicroStrategy’s unrelenting growth in its Bitcoin reserves showcases the company’s confidence in the cryptocurrency’s potential to serve as a store of value, potentially becoming a key asset within the global economy.
Source: crypto-economy.com
