There’s no stopping MicroStrategy as it continues its accumulation of Bitcoin.
In the latest development, the Michael Saylor-founded software developer is concluding 2023 with a strategic move, acquiring 14,620 Bitcoins for approximately $615.7 million at an average price of $42,110 per Bitcoin.
As of December 26, 2023, MicroStrategy – which has established itself as the largest corporate holder of Bitcoin – now holds a substantial 189,150 BTC, which was acquired for around $5.9 billion, with an average purchase price of $31,168 per Bitcoin.
The latest move reaffirms MicroStrategy’s commitment to Bitcoin as a long-term treasury reserve asset.
MicroStrategy has acquired an additional 14,620 BTC for ~$615.7 million at an average price of $42,110 per #bitcoin. As of 12/26/23, @MicroStrategy now hodls 189,150 $BTC acquired for ~$5.9 billion at an average price of $31,168 per bitcoin. $MSTR https://t.co/PKfYY59sTW
— Michael Saylor (@saylor) December 27, 2023
The development comes
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