MicroStrategy, the company led by Michael Saylor, announced this Monday the acquisition of an additional 15,300 Bitcoin (BTC) for its treasury. The purchase was made hours before BTC hit a new all-time high of $106,000.
According to informed by Saylor in X, MicroStrategy acquired a total of 15,350 BTC for an investment of $1.5 billion, at an average price of $100,386 per bitcoin.
To date, MicroStrategy owns 439,000 bitcoin, a fortune valued at more than $45.2 billion at current BTC pricewhich exceeds USD 103,000.
The investment in bitcoin of the company has generated a return of 72.4% since Januaryand in the last quarter, that performance has been 46.4%, according to company data.
Before the formal announcement, Saylor had hinted at the new BTC purchase on The businessman wrote the message: “A SaylorTracker.com Is it missing a green dot?”
Following the news of the purchase, the shares of MicroStrategy, which recently joined the Nasdaq 100 index, as reported by CriptoNoticias, they experimented a rebound of 3.7% in the premarket, trading over $420. So far this year, MicroStrategy shares have risen 490%, an increase directly attributed to the company’s massive investment in BTC.
MicroStrategy has been a pioneer in acquiring bitcoin as a store of value for its treasury. Since August 2020, the company has adopted a capital allocation strategy to maximize long-term value for its shareholders, investing in bitcoin as a bet against inflation and as a diversification of its balance sheet.
Saylor has been a strong proponent of this strategy, arguing that bitcoin is a safe and valuable long-term investment.
MicroStrategy’s purchase of bitcoin not only reflects the company’s confidence in the currency, but has also fueled interest from other public companies in following similar stepsas reported by CriptoNoticias.
MicroStrategy continues to be one of the largest owners of bitcoin in the world, and its commitment to digital currency seems unwavering. The company has demonstrated remarkable resilience in its approach to BTC, even in times of high volatility and regulatory changes.
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