Bitcoin

Rise

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/microstrategy-expands-bitcoin-holdings-with-major-investment/" data-wpel-link="internal">MicroStrategy Expands Bitcoin Holdings with Major Investment</a><br></p>
<p style="text-align: justify">MicroStrategy has made headlines by purchasing 18,300 BTC, investing a total of $1.1 billion to expand its Bitcoin portfolio. To finance this acquisition, the company sold over 8 million shares. As a result, MicroStrategy’s total Bitcoin holdings reached 244,800, valued at approximately $14 billion.</p> 
<h2 id="microstrategy-s-bitcoin-leadership">MicroStrategy’s Bitcoin Leadership</h2> 
<p style="text-align: justify">With this new investment, MicroStrategy now holds nearly ten times more Bitcoin than its closest competitor, Marathon Digital Holdings. The purchases, executed during a generally stagnant period in the Bitcoin and <a href="https://en.coin-turk.com/latest-development-in-the-genesis-case/" data-wpel-link="internal">cryptocurrency</a> markets, were made at an average price of $60,408. This investment was made possible through financing obtained by selling shares in a sale agreement.</p> 
<p style="text-align: justify">These significant investments by MicroStrategy demonstrate a strong belief in Bitcoin. The company’s average purchase price stands around $37,000, indicating a paper gain of approximately $5.4 billion.</p> 
<h2 id="microstrategy-shares-on-the-rise">MicroStrategy Shares on the Rise</h2> 
<p style="text-align: justify">MicroStrategy’s Bitcoin investments have positively impacted its stock prices. The company’s shares (MSTR) increased by 18% over the last five days, approaching monthly highs. This development is seen as highly favorable for Saylor and his team.</p> 
<p style="text-align: justify">During this period, MicroStrategy has drawn attention with its distinctive investment strategy. Its long-term commitment to Bitcoin and the consistent application of this strategy serve as a significant example for cryptocurrency markets worldwide.</p> 
<p>The post <a href="https://en.coin-turk.com/microstrategy-expands-bitcoin-holdings-with-major-investment/" data-wpel-link="internal">MicroStrategy Expands Bitcoin Holdings with Major Investment</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.</p>

MicroStrategy Expands Bitcoin Holdings with Major Investment

Table of Contents

COINTURK NEWS

Other articles published on Sep 16, 2024

Polter.Finance is now live on Base Chain bringing Polter and its $GEIST tech to a new audience

Bitcoin Drops 3% After Second Assassination Attempt on Trump

SwapSpace Introduces Crypto Loans – A Solution for Asset-Backed Borrowing (16 Sep)

FTX Founder Fights Back: Claims Biased Judge Led to 25-Year Sentence

Kadena (KDA) Price Prediction 2024, 2025, 2026-2030: Is KDA A Promising Investment For 2024?

Pavel Durov Criticizes French Authorities Over Telegram Charges, Hints at Market Withdrawals

Join our free newsletter for daily crypto updates!