Stay up to date with the CriptoTendencia WhatsApp channel: Instant news about Bitcoin, Altcoins, DeFi, NFT, Blockchain and Metaverse. Subscribe!
A total of 444,262 bitcoins are stored in MicroStrategy’s wallets after the new purchase announced this Monday, December 23. This is an acquisition equivalent to $561 million dollars in exchange for 5,262 coins. Although it is a huge amount, it is one of the most modest purchases in recent months.
In a post on his X account, the firm’s CEO, Michael Saylor, offered further details of the recent transaction. As the purchase price shows, the acquisition occurred before the price of the largest Cryptocurrency collapsed. The businessman confirms that each BTC was paid for $106,662.
He adds that for this beginning of the week the company has 444,262 bitcoins, with a general purchase price of $27.7 billion dollars. Meanwhile, each coin in the company’s portfolios is priced at $62,257, reflecting huge gains for the company’s investments.
More Read
Since December 2020, the MicroStrategy company has maintained a recurring purchase of Bitcoin, which gives it one of the best records. Currently, Saylor’s firm is the largest corporate holder of BTC in the world. Despite this, the board maintains plans to continue massive purchases permanently.
MicroStrategy has acquired 5,262 BTC for ~$561 million at ~$106,662 per bitcoin and has achieved BTC Yield of 47.4% QTD and 73.7% YTD. As of 12/22/2024, we hodl 444,262 $BTC acquired for ~$27.7 billion at ~$62,257 per bitcoin. $MSTR https://t.co/asDGerBV7q
— Michael Saylor⚡️ (@saylor) December 23, 2024
MicroStrategy maintains its accelerated purchasing pace
Following MicroStrategy’s new BTC purchase, the company remains faithful to its recent strategy of massive weekly purchases. It can be sensed that the company smells a large-scale rise in Bitcoin price in the coming months, which prompts it to desperately buy as much as possible.
Considering the depth of the acquisitions, it can be assumed that the company knows what is coming with complete certainty. In that sense, crypto regulation and the incorporation of BTC into the US strategic reserves are elements that Saylor probably takes for granted.
The issue of BTC reserves in the US is viewed with concern by the market. In fact, that is one of the causes of the current general decline in prices. However, that uncertainty does not seem to intimidate MicroStrategy. On repeated occasions, the company assures that the price of BTC does not matter, since any purchase will always be a cheap purchase.
The latter is assumed based on the growing demand for an asset with limited supply. As you can see, Saylor keeps his speech in tune with his actions. His company does not stop buying BTC and that strategy will continue in the coming years judging by its 21/21 plan. This consists of the purchase of $42 billion in BTC over the next three years.
Related
Crypto Keynote USA
For the Latest Crypto News, Follow ©KeynoteUSA on Twitter Or Google News.
