Dollar

2024

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It seems like a recurring event now, but MicroStrategy, the world’s largest corporate holder of BTC, has announced another massive acquisition.
This time, the firm spent $2.1 billion at an average price of $98,782 to acquire 21,550 BTC.
<blockquote class="twitter-tweet">
 MicroStrategy has acquired 21,550 BTC for ~$2.1 billion at ~$98,783 per <a href="https://twitter.com/hashtag/bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">#bitcoin</a> and has achieved BTC Yield of 43.2% QTD and 68.7% YTD. As of 12/8/2024, we hodl 423,650 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">$BTC</a> acquired for ~$25.6 billion at ~$60,324 per bitcoin. <a href="https://twitter.com/search?q=%24MSTR&amp;src=ctag&amp;ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">$MSTR</a> <a href="https://t.co/8r7bFqMFof" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">https://t.co/8r7bFqMFof</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/1866106687699964016?ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">December 9, 2024</a>
</blockquote>
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With this quite substantial purchase, Saylor and his team have increased the firm’s total bitcoin stash to 423,650 BTC. At current prices, this fortune equates to roughly $42 billion.
Given that the company spent $25.6 billion to accumulate it, this means that the NASDAQ-listed giant now sits on an unrealized profit worth more than $17 billion.
Recall that MicroStrategy has continuously been <a href="https://cryptopotato.com/another-monday-another-buy-microstrategy-adds-15400-btc-for-1-5-billion/" data-wpel-link="internal" rel="noopener noreferrer nofollow">announcing</a> large BTC purchases for the past four Mondays.
In a recent interview, Saylor, the bitcoin champion of the firm, said they will keep purchasing the asset’s top even when it surges to $1 million. He <a href="https://finance.yahoo.com/news/why-michael-saylor-sees-bitcoin-172608012.html?guccounter=1#:~:text=He%20added%3A%20%22My%20forecast%20is,%2413%20million%20in%20the%20future.%22" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">envisioned</a> that the cryptocurrency will continue to surge in value in the following decades and will skyrocket to $13 million per BTC by 2045.
The post <a href="https://cryptopotato.com/microstrategys-bitcoin-stash-rises-to-423650-btc-after-another-multi-billion-dollar-purchase/" rel="noopener noreferrer nofollow">MicroStrategy’s Bitcoin Stash Rises to 423,650 BTC After Another Multi-Billion Dollar Purchase</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.

MicroStrategy’s Bitcoin Stash Rises to 423,650 BTC After Another Multi-Billion Dollar Purchase

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