MicroStrategy, the leading corporate holder of Bitcoin, has acquired 5,262 BTC for $561 million. The company’s acquisitions of BTC have now increased its holding to 444,262 BTC, paid for at an average cost of $62,257 per Bitcoin. MicroStrategy’s ‘Bitcoin as a strategic asset’ play continues.
Bitcoin also plays an important part in the company’s growth strategy, co-founder Michael Saylor highlighted. The tech giant’s latest move locks in its status as an institutional Bitcoin investor. The deal aligns with its ongoing push to improve its digital asset portfolio.
By December 22, 2024, the company had handed out $27.7bn of its Bitcoin investments, the firm told CNN Business. Despite the volatile market, MicroStrategy demonstrates its bullish attitude toward buying Bitcoin. An indication of such steadfast commitment signals confidence in Bitcoin’s potential as a global digital reserve asset.
MicroStrategy has acquired 5,262 BTC for ~$561 million at ~$106,662 per
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