bullish

Bitcoin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/microstrategy-expands-its-bitcoin-holdings-again" data-wpel-link="internal" rel="noopener noreferrer nofollow">MicroStrategy Expands Its Bitcoin Holdings Again</a><br></p>
<p style="text-align: justify">MicroStrategy is maintaining its position as a major player in the cryptocurrency sector, particularly in <a href="https://en.bitcoinhaber.net/bitcoins-price-tug-of-war-bulls-versus-bears" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> (<a href="https://en.bitcoinhaber.net/cryptocurrency-analyst-moustache-urges-resilience-amidst-market-fluctuations" data-wpel-link="internal" rel="noopener noreferrer nofollow">BTC</a>). The firm recently disclosed the acquisition of an additional 15,400 BTC, which elevates its total Bitcoin holdings to 402,100 BTC. This latest purchase was made at an average cost of $95,976 per Bitcoin, resulting in an approximate valuation of $23.4 billion for the company’s Bitcoin investments.</p>
<h2 style="text-align: justify" id="strong-how-much-did-microstrategy-spend-on-bitcoin-strong"><strong>How Much Did MicroStrategy Spend on Bitcoin?</strong></h2>
<p style="text-align: justify">The company’s announcement indicates that this recent purchase set them back around $1.5 billion. The average price per Bitcoin in MicroStrategy’s broader portfolio is reported to be $58,263.</p>
<h2 style="text-align: justify" id="strong-what-are-the-returns-from-bitcoin-investments-strong"><strong>What Are the Returns from Bitcoin Investments?</strong></h2>
<p style="text-align: justify">According to company officials, this Bitcoin investment has generated a return of 38.7% as of the third quarter, which has since risen to 63.3% year-to-date. MicroStrategy maintains a bullish outlook on Bitcoin’s long-term value.</p>
<p style="text-align: justify">The conclusions drawn from MicroStrategy’s activities include:</p>
<ul>
 <li>A significant investment of $1.5 billion in Bitcoin.</li>
 <li>Total holdings now stand at $402,100 BTC.</li>
 <li>Current average portfolio purchase price is $58,263 per Bitcoin.</li>
 <li>Returns on investment show a considerable increase from the third quarter.</li>
 <li>The firm’s strategy positions Bitcoin as a safeguard against inflation and market uncertainties.</li>
</ul>
<p style="text-align: justify">Through this latest purchase, MicroStrategy has solidified its status as one of the foremost institutional Bitcoin holders. Experts suggest that the ongoing commitment by MicroStrategy could bolster institutional confidence in the cryptocurrency market, potentially leading to increased interest and investment from other institutional players.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/microstrategy-expands-its-bitcoin-holdings-again" data-wpel-link="internal" rel="noopener noreferrer nofollow">MicroStrategy Expands Its Bitcoin Holdings Again</a></h5>

MicroStrategy Expands Its Bitcoin Holdings Again

Table of Contents

BH NEWS

Other articles published on Dec 2, 2024

Will Bitcoin Surpass $100,000 Soon?

Cardano & This Popular Altcoin is Heading for 20% Pullback—Can Bulls Prevent Excess Price Drain?

BTFD Surges Past $500K, NPCS Hits $24M, and Popcat Goes Viral

Floki Joins Forces with Animoca Brands' Forj to Launch $MONKY Memecoin

$2 and $110 Billion XRP: What's Next? Shiba Inu (SHIB) Enormous Move for Erasing Zero, Pepe (PEPE...

2025’s Under-the-Radar Millionaire Makers? Pepe Coin, Toncoin or Emerging Blockchain Las Vegas

Join our free newsletter for daily crypto updates!