2024

Yield

Billion

Adam Back

Monday begins on a similar note for Bitcoin enthusiasts as MicroStrategy has made another massive acquisition, this time for $1.5 billion in BTC. 
Popular Bitcoin bull Adam Back was quick to praise the company’s move, describing the average entry of $95,976 as a ‘good price.’ 
<blockquote class="twitter-tweet"> 
 MicroStrategy has acquired 15,400 BTC for ~$1.5 billion at ~$95,976 per <a href="https://twitter.com/hashtag/bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank">#bitcoin</a> and has achieved BTC Yield of 38.7% QTD and 63.3% YTD. As of 12/2/2024, we hodl 402,100 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank">$BTC</a> acquired for ~$23.4 billion at ~$58,263 per bitcoin. <a href="https://twitter.com/search?q=%24MSTR&amp;src=ctag&amp;ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank">$MSTR</a> <a href="https://t.co/K3TK4msGp0" data-wpel-link="external" target="_blank">https://t.co/K3TK4msGp0</a> 
 — Michael Saylor<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/26a1.png" alt="⚡" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@saylor) <a href="https://twitter.com/saylor/status/1863569873713955156?ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank">December 2, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
This is the third consecutive Monday that the Michael Saylor-founded business intelligence behemoth has announced a substantial BTC purchase. Although the firm spent roughly $1.5 billion to acquire 15,400 BTC now, it still trails behind the <a href="https://cryptopotato.com/microstrategy-breaks-its-own-record-another-massive-purchase-for-55500-btc-worth-5-4b/" data-wpel-link="internal">record</a> set last week of 55,500 BTC (worth $5.4 billion at the time). 
With its latest acquisition, MicroStrategy’s total Bitcoin stash has risen to 402,100 BTC, bought at an average price of $58,263. 
This means that the firm has spent almost $23.5 billion to accumulate its Bitcoin holdings. Given the asset’s current price of just over $95,000, this puts the value of the stash at well above $38 billion – or a paper gain of nearly $15 billion. 
Blockstream’s co-founder and long-time Bitcoin supporter Adam Back commented on Saylor’s post, <a href="https://x.com/adam3us/status/1863571910350561783" data-wpel-link="external" target="_blank">saying</a> that “suckers” sold their BTC at prices below $100,000 to Saylor and MicroStrategy over the weekend. 
The post <a href="https://cryptopotato.com/another-monday-another-buy-microstrategy-adds-15400-btc-for-1-5-billion/" rel="nofollow">Another Monday, Another Buy: MicroStrategy Adds 15,400 BTC for $1.5 Billion</a> appeared first on <a href="https://cryptopotato.com/" rel="nofollow">CryptoPotato</a>.

Another Monday, Another Buy: MicroStrategy Adds 15,400 BTC for $1.5 Billion

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