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MicroStrategy Acquires 15,350 Bitcoin, Now Holds 439,000 BTC Valued at Over $45 Billion
In a recent move, MicroStrategy, a leading provider of cloud-based software and services, has made another massive acquisition in the world of cryptocurrency. The company has acquired an additional 15,350 Bitcoins, bringing its total holdings to 439,000 BTC.
According to reports, the purchase was made at an average price of $98,783 per Bitcoin. This latest move comes after a previous purchase of 15,400 Bitcoin for $1.4 billion just last week.
The company’s significant investment in Bitcoin has raised eyebrows and sparked interest among investors and analysts alike. As reported by Nasdaq, MicroStrategy will be joining the Nasdaq-100 Index on December 23rd. This move is expected to have a profound impact on the cryptocurrency market, as major institutional players such as pension funds, sovereign wealth funds, and individual retirement accounts are now likely to invest in Bitcoin.
Noted crypto analyst Will Clemente tweeted, “Now that MSTR is getting added to the Nasdaq, every large pension fund, sovereign wealth fund, and individual retirement account in the world is going to have Bitcoin exposure.”
The significant surge in MicroStrategy’s stock price has also followed this news, with a 3% increase according to CNBC.
It’s worth noting that these recent purchases have increased the company’s holdings to an impressive 439,000 BTC.
Source: coinjournal.net
