2024

Bitcoin

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Michael Saylor, MicroStrategy’s BTC champion, has announced another massive bitcoin purchase from the company he co-founded, which is actually the first with the asset’s price above $100,000.
Interestingly, Peter Schiff was quick to intercept the announcement with another criticism against Saylor, his company, and BTC.
<blockquote class="twitter-tweet">
 MicroStrategy has acquired 15,350 BTC for ~$1.5 billion at ~$100,386 per <a href="https://twitter.com/hashtag/bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">#bitcoin</a> and has achieved BTC Yield of 46.4% QTD and 72.4% YTD. As of 12/15/2024, we hodl 439,000 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">$BTC</a> acquired for ~$27.1 billion at ~$61,725 per bitcoin. <a href="https://twitter.com/search?q=%24MSTR&amp;src=ctag&amp;ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">$MSTR</a> <a href="https://t.co/SaWLNBVkrl" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">https://t.co/SaWLNBVkrl</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/1868643218956734876?ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">December 16, 2024</a>
</blockquote>
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As Saylor’s post reads, the NASDAQ-listed giant spent roughly $1.5 billion to acquire 15,350 BTC at an average price of $103,386. The firm’s total stash has grown to 439,000 BTC, valued at well above $44 billion at current prices, while it spent $27.1 billion to acquire it.
MicroStrategy’s BTC yield has grown to 46.4% in the past quarter alone, with the number standing above 72% for the entire year.
Thus, the company has continued a recent&nbsp;<a href="https://cryptopotato.com/microstrategys-bitcoin-stash-rises-to-423650-btc-after-another-multi-billion-dollar-purchase/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">tradition</a> that started several weeks ago: announcing massive purchases worth over $1 billion on Monday.
Another thing that didn’t change this week is the vocal criticism of well-known bitcoin hater – Peter Schiff. The gold bug <a href="https://x.com/PeterSchiff/status/1868644883646607790" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">commented</a> under Saylor’s post that BTC’s price will plunge once the firm stops buying.
<blockquote>
 “Just as I suspected. Imagine how much lower the Bitcoin price will fall when you stop buying. Then imagine how much lower it will go when creditors force you to sell.”
</blockquote>
The post <a href="https://cryptopotato.com/microstrategy-announces-first-bitcoin-purchase-with-btc-prices-above-100k/" rel="noopener noreferrer nofollow">MicroStrategy Announces First Bitcoin Purchase With BTC Prices Above $100K</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.

MicroStrategy Announces First Bitcoin Purchase With BTC Prices Above $100K

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