Bitcoin Investment Boost: Major Company Acquires Additional 15,350 BTC for $1.5 Billion
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Breaking: Microstrategy Buys 15,350 BTC for $1.5 Billion
MicroStrategy, a Nasdaq-100 listed company, has made another significant move in the crypto space by acquiring an additional 15,350 Bitcoin (BTC) for approximately $1.5 billion at an average price of $100,386 per BTC.
This recent acquisition brings the company’s total Bitcoin holdings to an impressive 439,000 BTC, purchased for a staggering $27.1 billion at an average of $61,725 per bitcoin. This transaction has resulted in YTD yields of 46.4% and QTD yields of 72.4%.
The significant impact this acquisition will have on the market cannot be overstated. With its inclusion in the Nasdaq-100 and continued Bitcoin purchases, MicroStrategy is set to attract additional institutional investors, potentially pushing the price of BTC to new all-time highs.
This major move by MicroStrategy highlights its commitment to Bitcoin and its potential as a store of value. The company’s influence will undoubtedly have far-reaching implications for the cryptocurrency market, with experts predicting that this could lead to even higher prices in the future.
As the crypto space continues to evolve, it is essential to keep track of the latest developments and trends shaping the industry. Stay ahead of the curve by following our dedicated news page.
Read more: Bitcoin Price Prediction: Bullish Scenario Points to Breakout Above $130k
Source: coinpedia.org
