MicroStrategy, an intelligence firm, has made another significant move by purchasing 21,550 bitcoins.
As per the announcement by Michael Saylor, these bitcoins have been bought at around $2.1 billion, averaging about $98,783 per bitcoin. This brings their total holdings to 423,650 bitcoins, acquired at an average price of $60,324 per coin, totaling around $25.6 billion.
Their Bitcoin investments have yielded impressive returns of a 43.2% gain in the current quarter and a 68.7% increase year-to-date. This strategy reflects their strong belief in Bitcoin’s potential as a valuable asset.
Last week, the company added the 15,400 bitcoins for $1.5 billion, which was $95,976 per bitcoin. As of December 8, 2024, MicroStrategy remains the largest corporate holder of Bitcoin, with their holdings valued at approximately $42 billion, given the current Bitcoin price of around $98,994.
Also Read: Bitcoin Hits $100K: MicroStrategy Gains $16B in Profit
