Bitcoin

Gains

MicroStrategy, an intelligence firm, has made another significant move by purchasing&nbsp; 21,550 bitcoins.
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 MicroStrategy Buys 21,550 BTC, Source: <a href="https://x.com/saylor/status/1866106687699964016?t=V_iUEZLYsHcEv69Cn5Segw&amp;s=19" target="_blank" data-type="link" data-id="https://x.com/saylor/status/1866106687699964016?t=V_iUEZLYsHcEv69Cn5Segw&amp;s=19" rel="noopener noreferrer nofollow">X</a>
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As per the announcement by Michael Saylor, these bitcoins have been bought at around&nbsp; $2.1 billion, averaging about $98,783 per bitcoin. This brings their total holdings to 423,650 bitcoins, acquired at an average price of $60,324 per coin, totaling around $25.6 billion.
Their Bitcoin investments have yielded impressive returns of a 43.2% gain in the current quarter and a 68.7% increase year-to-date. This strategy reflects their strong belief in Bitcoin’s potential as a valuable asset.
Last week, the company added the <a href="https://www.cryptotimes.io/2024/12/02/microstrategy-acquires-15400-bitcoins-with-share-sale-proceeds/" target="_blank" rel="noopener noreferrer nofollow">15,400 bitcoins for $1.5 billion</a>, which was $95,976 per bitcoin. As of December 8, 2024, MicroStrategy remains the largest corporate holder of Bitcoin, with their holdings valued at approximately $42 billion, given the current Bitcoin price of around $98,994.
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 Also Read: <a href="https://www.cryptotimes.io/2024/12/05/bitcoin-hits-100k-microstrategy-gains-16b-in-profit/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin Hits $100K: MicroStrategy Gains $16B in Profit</a>
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MicroStrategy Buys 21,550 Bitcoin for $2.1 billion

The Crypto Times

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