The post MicroStrategy Buys 5,262 BTC for $561 Million appeared first on Coinpedia Fintech News
MicroStrategy, the biggest corporate holder of Bitcoin, has increased its Bitcoin reserves once again. The company recently purchased an additional 5,262 BTC for $561 million, at an average price of $106,662 per Bitcoin.
This latest acquisition brings MicroStrategy’s total holdings to 444,262 BTC, acquired for approximately $27.7 billion at an average price of $62,257 per Bitcoin.
MicroStrategy Bitcoin Holdings
The company has consistently shown its commitment to Bitcoin. Back in December 2020, during the bull market, MicroStrategy made its largest single purchase of 29,646 BTC when Bitcoin was priced at around $21,000.
MicroStrategy has acquired 5,262 BTC for ~$561 million at ~$106,662 per bitcoin and has achieved BTC Yield of 47.4% QTD and 73.7% YTD. As of 12/22/2024, we hodl 444,262 $BTC acquired for ~$27.7 billion at ~$62,257 per bitcoin. $MSTR https://t.co/asDGerBV7q
— Michael Saylor
(@saylor) December 23, 2024
In December 2024, MicroStrategy took another big step by buying 000,000 BTC at an average price of $97,000 per coin. This reflects its strong belief in Bitcoin’s long-term growth and value.
Fast forward to December 8, 2024, the company made yet another major purchase, adding 000,000 BTC to its holdings at the same average price of $97,000 per coin. These actions show MicroStrategy’s steady confidence in Bitcoin as a valuable asset for the future.
MicroStrategy’s Influence On Other Companies
MicroStrategy’s approach to building a Bitcoin treasury has encouraged other companies to adopt similar strategies. Following MicroStrategy’s lead, Metaplanet is also taking bold steps to grow its Bitcoin holdings, further highlighting the growing interest among institutions in Bitcoin’s potential.
Although, Michael Saylor pitched Amazon’s Jeff Bezos to invest $100 million in Bitcoin instead of spending heavily on his wedding. Bezos is set to marry Lauren Sanchez on Dec. 28 in Aspen, Colorado, with the event reportedly costing $600 million.
Recently, Amazon shareholders also proposed that the company invest 5% of its assets in Bitcoin for diversification.
Bitcoin Price Targets $13 Million
After MicroStrategy’s latest Bitcoin purchase, Bitcoin’s price rose slightly to around $96000, despite falling 8% over the past week. Analysts believe that corporate adoption, like MicroStrategy’s, could boost Bitcoin’s future growth.
Michael Saylor earlier predicted the crypto market could grow from $2 trillion today to $280 trillion by 2045. He also suggested Bitcoin’s value could reach $13 million per coin, showing his strong confidence in its potential.
The post MicroStrategy Buys 5,262 BTC for $561 Million appeared first on Coinpedia Fintech News
MicroStrategy, the biggest corporate holder of Bitcoin, has increased its Bitcoin reserves once again. The company recently purchased an additional 5,262 BTC for $561 million, at an average price of $106,662 per Bitcoin.
This latest acquisition brings MicroStrategy’s total holdings to 444,262 BTC, acquired for approximately $27.7 billion at an average price of $62,257 per Bitcoin.
MicroStrategy Bitcoin Holdings
The company has consistently shown its commitment to Bitcoin. Back in December 2020, during the bull market, MicroStrategy made its largest single purchase of 29,646 BTC when Bitcoin was priced at around $21,000.
MicroStrategy has acquired 5,262 BTC for ~$561 million at ~$106,662 per bitcoin and has achieved BTC Yield of 47.4% QTD and 73.7% YTD. As of 12/22/2024, we hodl 444,262 $BTC acquired for ~$27.7 billion at ~$62,257 per bitcoin. $MSTR https://t.co/asDGerBV7q
— Michael Saylor
In December 2024, MicroStrategy took another big step by buying 000,000 BTC at an average price of $97,000 per coin. This reflects its strong belief in Bitcoin’s long-term growth and value.
Fast forward to December 8, 2024, the company made yet another major purchase, adding 000,000 BTC to its holdings at the same average price of $97,000 per coin. These actions show MicroStrategy’s steady confidence in Bitcoin as a valuable asset for the future.
MicroStrategy’s Influence On Other Companies
MicroStrategy’s approach to building a Bitcoin treasury has encouraged other companies to adopt similar strategies. Following MicroStrategy’s lead, Metaplanet is also taking bold steps to grow its Bitcoin holdings, further highlighting the growing interest among institutions in Bitcoin’s potential.
Although, Michael Saylor pitched Amazon’s Jeff Bezos to invest $100 million in Bitcoin instead of spending heavily on his wedding. Bezos is set to marry Lauren Sanchez on Dec. 28 in Aspen, Colorado, with the event reportedly costing $600 million.
Recently, Amazon shareholders also proposed that the company invest 5% of its assets in Bitcoin for diversification.
Bitcoin Price Targets $13 Million
After MicroStrategy’s latest Bitcoin purchase, Bitcoin’s price rose slightly to around $96000, despite falling 8% over the past week. Analysts believe that corporate adoption, like MicroStrategy’s, could boost Bitcoin’s future growth.
Michael Saylor earlier predicted the crypto market could grow from $2 trillion today to $280 trillion by 2045. He also suggested Bitcoin’s value could reach $13 million per coin, showing his strong confidence in its potential.
