MicroStrategy, a number one enterprise intelligence and software program firm, has continued its steadfast dedication to Bitcoin by buying an extra 14,620 BTC at a complete value of $615.7 million, Founder & Chairman Michael Saylor introduced immediately. The acquisition got here as Bitcoin’s worth has been experiencing upward momentum, reaching highs of over $42,000.
The corporate initially entered the Bitcoin market in August 2020, making a big preliminary funding of $250 million into BTC. Since then, they’ve constantly added to their Bitcoin holdings, making a treasury reserve technique that has garnered over 189,150 bitcoin price greater than $8.11 billion on the time of writing.
“On December 27, 2023, MicroStrategy Included (“MicroStrategy”) introduced that, through the interval between November 30, 2023 and December 26, 2023, MicroStrategy, along with its subsidiaries, acquired roughly 14,620 bitcoins for about $615.7 million in money, at a median worth of roughly $42,110 per bitcoin, inclusive of charges and bills,” MicroStrategy said. “As of December 26, 2023, MicroStrategy, along with its subsidiaries, held an mixture of roughly 189,150 bitcoins, which had been acquired at an mixture buy worth of roughly $5.895 billion and a median buy worth of roughly $31,168 per bitcoin, inclusive of charges and bills.”
Because the fourth Bitcoin halving shortly approaches and the primary spot Bitcoin ETF in the US could also be authorised early into the brand new yr, MicroStrategy continues its aggressive bitcoin funding technique with no indicators of slowing down.