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MicroStrategy continues to be news in the world of cryptocurrencies and this time it operates a new purchase of Bitcoin. The new purchase allows the company to complete the fifth consecutive week of massive BTC acquisitions. On this occasion, the firm led by Michael Saylor added 21,550 bitcoins to its possessions.
In a statement shared this Monday, the company reported that this new purchase was made through a disbursement of $2.1 billion. Meanwhile, the average price for each coin was $98,783. Other important data that the company broke down is that its profits so far in the fourth quarter of 2024 amount to 43.2%.
Likewise, year-to-date (YTD), MicroStrategy’s return on BTC investment reaches a dizzying +68.7%. These are monumental unrealized gains considering the mass of BTC the company has in its portfolios. In total, the company’s coins amount to 423,650 bitcoins, with an investment price of $25.6 billion.
Of MicroStrategy’s total funds, it stands out that these were purchased for a price of $60,324 for each Bitcoin. This successful investment makes the company a reference for corporations that evaluate the advantages of investing in Cryptocurrency. Unrealized profits from this strategy have a direct impact on the MSTR stock price.
MicroStrategy’s new Bitcoin purchase has already been recorded in the firm’s investment tracker. Source: Saylor Tracker
Bitcoin Strategy Sent MicroStrategy Stock Flying
Having a successful strategy allows MSTR stock to be one of investors’ favorite targets. Thus, this leads to the company’s shares having an enormous performance that even surpasses Bitcoin’s own performance.
MSTR shares are worth $391.2 per unit share, Yahoo Finance data shows. This equates to a YoY of +584% and a YTD of +525%. During the last month ending this December 9, the growth of the exchange value of the shares exceeds +73%.
These numbers indicate that no matter when an investment is made in MicroStrategy, the result will always be positive. The latter, of course, depends on the state of the BTC price in the spot market. Thus, in a context of optimism for the digital asset market, MSTR shares are a good bet from the point of view of quick profits.
A fundamental element of MicroStrategy is that its early commitment to Bitcoin made it a global benchmark. Consequently, the firm’s media relevance allows it to always be in sight of investors. This factor is one that its CEO, Michael Saylor, knows how to exploit very well. His appearances at conferences and interviews with major media outlets are constant.
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