news 
xr:d:DAFvPTNBv0I:3468,j:1643095983279358137,t:23110307
MicroStrategy Buys 2,138 Bitcoin For ~$209 Million
December 30, 2024 – In a surprising move, MicroStrategy, the business intelligence software company, has acquired an additional 2,138 Bitcoins for approximately $209 million. This recent purchase takes their total holdings to 446,400 BTC, valued at around $27.9 billion USD.
The transaction was made at an average price of ~$97,837 per Bitcoin, which is quite impressive considering the current market conditions. It is essential to note that this massive acquisition has boosted MicroStrategy’s quarterly yield by a staggering 47.8% and 74.1% year-to-date.
The company’s commitment to increasing its Bitcoin reserves has made it a significant player in the crypto market. Michael Saylor, the CEO of MicroStrategy, recently shared a chart from SaylorTracker, a platform that monitors the company’s Bitcoin holdings. The caption read “Disconcerting blue lines on SaylorTracker.com,” which left many wondering if another substantial purchase is around the corner.
MicroStrategy has already made significant moves in the crypto space, having acquired 5,262 BTC worth $561 million back in December. This recent acquisition of 2,138 Bitcoins further solidifies its position as one of the largest corporate holders of Bitcoin.
In light of this new development, it remains to be seen whether MicroStrategy’s commitment to Bitcoin will lead to even more significant investments and potential market fluctuations.
Source: coinpedia.org
