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MicroStrategy Extends Bitcoin Acquisition Streak, Buys 5,262 BTC for $561 Million

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Microstrategy,Bitcoin,Cryptocurrency

MicroStrategy has continued its weekly Bitcoin purchases, acquiring 5,262 BTC for $561 million at an average price of $106,662. This brings their total holdings to 444,262 BTC, purchased entirely on Mondays. Despite recent price corrections, MicroStrategy's Bitcoin holdings have now skyrocketed in value to over $42.6 billion.

MicroStrategy has extended its Monday bitcoin acquisition streak with another purchase announced by co-founder Michael Saylor minutes ago.

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, all of which were announced on Mondays, were significantly more valuable in terms of the greenback. In fact, they were all worth over $1 billion.

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MicroStrategy set to push Bitcoin to new highs after 55,500 BTC acquisition, should investors be concerned?MicroStrategy revealed on Monday that it made another heavy Bitcoin purchase, acquiring 55,500 BTC for $5.4 billion at an average rate of $97,862 per coin.
Source: FXStreetNews - 🏆 14. / 72 Read more »