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<p class="is-style-lead">MicroStrategy acquired an additional 21,550 Bitcoin for approximately $2.1 billion in cash between Dec. 2 and Dec. 8, executive chairman Michael Saylor confirmed.</p>
<p>This latest purchase increased MicroStrategy’s total Bitcoin (<a rel="noopener noreferrer nofollow" href="https://crypto.news/price/bitcoin/">BTC</a>) holdings to 423,650 tokens, valued at roughly $41 billion. The <a href="https://www.microstrategy.com/press/microstrategy-acquires-21-550-btc-and-achieves-btc-yield-of-68-7-ytd-now-holds-423-650-btc_12-09-2024" target="_blank" rel="noopener noreferrer nofollow">acquisition</a> marks the company’s fifth consecutive weekly buy, as reported by Dec. 9</p>
<p>According to Saylor, MicroStrategy has spent an estimated $25.6 billion on BTC at an average price of $60,324 per coin. Bitwise Europe data indicates that the company’s Bitcoin purchases have accelerated significantly in 2024.</p>
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   <p lang="en" dir="ltr">MicroStrategy has acquired 21,550 BTC for ~$2.1 billion at ~$98,783 per <a href="https://twitter.com/hashtag/bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#bitcoin</a> and has achieved BTC Yield of 43.2% QTD and 68.7% YTD. As of 12/8/2024, we hodl 423,650 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BTC</a> acquired for ~$25.6 billion at ~$60,324 per bitcoin. <a href="https://twitter.com/search?q=%24MSTR&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$MSTR</a> <a rel="noopener noreferrer nofollow" href="https://t.co/8r7bFqMFof" target="_blank">https://t.co/8r7bFqMFof</a></p>— Michael Saylor⚡️ (@saylor) <a href="https://twitter.com/saylor/status/1866106687699964016?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">December 9, 2024</a>
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<p>You might also like: <a rel="noopener noreferrer nofollow" href="https://crypto.news/microstrategy-hits-40b-bitcoin-saylor-draws-criticism/"> MicroStrategy hits $40b in Bitcoin, critics question Saylor’s strategy </a></p>
<p>Saylor’s aggressive Bitcoin strategy, initiated in 2020, has generated around $16 billion in unrealized profits, with BTC trading above $98,900 as of Dec. 9</p>
<p>This $2.1 billion injection was a fraction of Saylor’s larger plan to scoop $42 billion worth of Bitcoin. MicroStrategy’s founder intends to <a href="https://crypto.news/michael-saylor-eyes-42b-bitcoin-buy-via-mstr-sales/" target="_blank" rel="noopener noreferrer nofollow">execute</a> this roadmap by 2027/2028. Riding on a multi-year BTC corporate euphoria, Saylor pushed other giants to adopt the Bitcoin standard. He <a href="https://crypto.news/michael-saylor-presenting-bitcoin-to-microsoft-board/" target="_blank" rel="noopener noreferrer nofollow">pitched</a> BTC to the Board of Directors at Microsoft, a $3 trillion heavyweight.</p>
<p>Crypto-native founders like Coinbase CEO Brian Armstrong and former Binance Changpeng Zhao encouraged governments and other titans to acquire Bitcoin. Armstrong advised sovereign nations to flock toward the leading digital asset as an inflation hedge, while Zhao <a href="https://crypto.news/cz-encourages-amazon-to-accept-bitcoin-payments/" target="_blank" rel="noopener noreferrer nofollow">suggested</a> Amazon add BTC to its balance sheet and payment methods amid shareholder requests.</p>
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   <p lang="en" dir="ltr">If you bought $100 of Bitcoin when Coinbase was founded in June 2012, it would now be worth about $1,500,000.<br><br>If you kept the $100 USD you'd only be able to purchase about $73 worth of goods today.<br><br>Bitcoin is the best performing asset of the last 12 years, and it's still early… <a rel="noopener noreferrer nofollow" href="https://t.co/dvBgX5K7or" target="_blank">pic.twitter.com/dvBgX5K7or</a></p>— Brian Armstrong (@brian_armstrong) <a href="https://twitter.com/brian_armstrong/status/1864510348856053858?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">December 5, 2024</a>
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<p>Read more: <a rel="noopener noreferrer nofollow" href="https://crypto.news/cz-encourages-amazon-to-accept-bitcoin-payments/"> CZ encourages Amazon to accept Bitcoin payments </a></p>

Saylor’s MicroStrategy added $2.1b in Bitcoin

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