Bitcoin

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/microstrategy-makes-significant-bitcoin-purchase/" data-wpel-link="internal">MicroStrategy Makes Significant Bitcoin Purchase</a> 
As of the time of writing, the price of Bitcoin stands at $89,570. MicroStrategy, led by prominent Bitcoin investor Michael Saylor, has announced a new purchase of BTC. Competing with ETF issuers, MicroStrategy’s reserves position it among the largest institutional investors. 
<h2 style="text-align: justify" id="massive-bitcoin-acquisition">Massive Bitcoin Acquisition</h2> 
Whenever Saylor purchases BTC, the price typically experiences a decline, and at present, we are witnessing this trend again. Last week, MicroStrategy acquired approximately 51,780 BTC for $4.6 billion. Such massive purchases are extremely significant as they are rarely seen in the market, and while ETF inflows reaching $1 billion daily generate excitement, a purchase close to $5 billion at high prices adds to that excitement. 
In a recent announcement, Michael Saylor stated: 
<blockquote> 
 “MicroStrategy purchased 51,780 BTC for approximately $4.6 billion. With an average cost of $88,627 for this acquisition, our total assets have reached $16.5 billion. The average cost of our total reserve of 331,200 BTC is $49,874.” 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="alignnone size-full wp-image-407738" src="https://coin-turk.com/wp-content/uploads/2024/11/microstrategy-btc-alimi.png" alt="" width="1871" height="425"> 
The company’s cost basis has significantly increased, and it has previously indicated that it will continue purchasing for three more years. This suggests that the reserve of 331,200 BTC will keep growing in the coming years, with no sales planned for at least three years. 
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MicroStrategy Makes Significant Bitcoin Purchase

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