MicroStrategy Acquires 5,262 Bitcoins at Unprecedented Average Price
MicroStrategy has acquired 5,262 Bitcoin for approximately $561 million, at an average price of $106,662 per coin, raising its total holdings to 444,262 Bitcoin valued at $27.7 billion. This latest purchase is part of a December spree in which the company bought 42,162 Bitcoin, demonstrating its strategic commitment to Bitcoin investment under founder Michael Saylor’s vision.
On December 23rd, MicroStrategy, a prominent publicly traded firm recognized for its substantial Bitcoin investments, revealed the acquisition of 5,262 Bitcoins, acquired between December 16th and December 22nd. This significant investment amounted to approximately $561 million, marking an unprecedented average purchase price of $106,662 per Bitcoin. This transaction increases MicroStrategy’s cumulative Bitcoin holdings to 444,262 coins, with a total investment of $27.7 billion and an average cost of $62,257 per Bitcoin. During its ongoing purchasing initiative throughout December, the firm has procured a total of 42,162 Bitcoins, now valued at around $4 billion. Notably, this latest purchase represents the smallest transaction reported by MicroStrategy since mid-2024, during which the company acquired 169 Bitcoins over two months. Founder Michael Saylor has emphasized his commitment to Bitcoin acquisition, asserting plans to continue purchasing at significantly higher prices in the future.
MicroStrategy has emerged as one of the most visible advocates for Bitcoin in the corporate world, significantly influencing institutional investment in cryptocurrencies. The company’s strategy revolves around accumulating Bitcoin as a core part of its financial objectives. Its founder and CEO, Michael Saylor, has been vocal about a long-term vision that includes substantial investments in Bitcoin, particularly in a marketplace characterized by fluctuating cryptocurrency valuations. This recent acquisition showcases the company’s resolve to maintain its position within the Bitcoin ecosystem, even amid varying market conditions.
In conclusion, MicroStrategy’s recent acquisition of 5,262 Bitcoins at a record average price exemplifies its unwavering commitment to Bitcoin as a strategic asset. The company’s total Bitcoin holdings now stand at 444,262, solidifying its status as a leader in corporate cryptocurrency investment. As the firm continues its purchasing strategy, it underscores a long-term vision supported by its founder’s ambitious outlook on Bitcoin’s future value.
Original Source: btctimes.com
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