Bitcoin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/microstrategy-increases-its-bitcoin-holdings-significantly/" data-wpel-link="internal">MicroStrategy Increases Its Bitcoin Holdings Significantly</a><br></p>
<p style="text-align: justify">MicroStrategy continues to stand out as one of the largest institutional investors in the <a href="https://en.coin-turk.com/bitcoin-surpasses-97000-while-floki-shines-in-the-crypto-market/" data-wpel-link="internal"></a><a href="https://en.coin-turk.com/btc-price-continues-with-volatility-and-uncertainty/" data-wpel-link="internal">cryptocurrency</a> market, specifically in Bitcoin (BTC) . The company recently announced the purchase of an additional 15,400 BTC, bringing its total holdings to 402,100 BTC. This acquisition was made at an average price of $95,976 per BTC, which leads to a total value of approximately $23.4 billion for MicroStrategy’s Bitcoin assets.</p> 
<h2 style="text-align: justify" id="strong-increasing-bitcoin-assets-with-new-purchases-strong"><strong>Increasing Bitcoin Assets with New Purchases</strong></h2> 
<p style="text-align: justify">According to MicroStrategy’s announcement, the latest BTC acquisition cost around $1.5 billion. The company noted that the average purchase price for its portfolio stands at $58,263 per Bitcoin.</p> 
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  MicroStrategy Bitcoin
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<p style="text-align: justify">Company officials indicated that the investment in Bitcoin has yielded a return of 38.7% as of the third quarter of the year, which has increased to 63.3% since the beginning of the year. MicroStrategy believes that Bitcoin will increase in value over the long term.</p> 
<h2 style="text-align: justify" id="strong-what-does-microstrategy-s-strategy-mean-strong"><strong>What Does MicroStrategy’s Strategy Mean?</strong></h2> 
<p style="text-align: justify">MicroStrategy views its Bitcoin purchases as a reserve strategy. The company evaluates these purchases as a means to strengthen its balance sheet and as a precaution against future financial risks. Highlighting the limited supply of the largest cryptocurrency, MicroStrategy believes that Bitcoin will serve as a hedge against inflation in the future. This approach has already enabled MicroStrategy to establish a significant presence in the market.</p> 
<p style="text-align: justify">With this latest acquisition, the company has become one of the largest holders of Bitcoin among institutional investors. Experts point out that MicroStrategy’s strategy has a confidence-boosting effect on the markets. As long as MicroStrategy maintains this approach, it is expected that institutional interest in the cryptocurrency market will continue to rise.</p> 
<p>The post <a href="https://en.coin-turk.com/microstrategy-increases-its-bitcoin-holdings-significantly/" data-wpel-link="internal">MicroStrategy Increases Its Bitcoin Holdings Significantly</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.</p>

MicroStrategy Increases Its Bitcoin Holdings Significantly

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