MicroStrategy, the enterprise intelligence firm identified for its aggressive Bitcoin (BTC) purchases, has struck once more. On December 26, 2023, the corporate introduced it had acquired a further 14,620 BTC for $615.7 million in money, at a median worth of $42,110.
This newest buy brings MicroStrategy’s whole Bitcoin holdings to a whopping 189,150 BTC, acquired at an approximate value of $5.9 billion and a median worth of $31,168 per Bitcoin. MicroStrategy’s CEO, Michael Saylor, has been a vocal proponent of Bitcoin for years, and the corporate’s funding technique displays this unwavering perception.
Saylor’s conviction in Bitcoin’s long-term potential stays unshaken, regardless of the cryptocurrency’s current worth volatility. In an announcement accompanying the announcement, Saylor famous, “We consider that Bitcoin is the world’s most dear asset class and that it’ll proceed to understand considerably over time.”
MicroStrategy’s newest buy is a transparent sign of the corporate’s confidence in Bitcoin’s future. It additionally highlights the rising institutional curiosity in cryptocurrency, as increasingly more firms are starting to see Bitcoin as a beneficial hedge towards inflation and a retailer of worth.
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