MicroStrategy Boosting Its Holdings to 439K BTC

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Once again, MicroStrategy has made headlines by acquiring 15,350 Bitcoin for approximately $1.5 billion boosting its total holdings to 439,000 BTC. This latest purchased announced by CEO Michael Saylor was completed between December 9 and December 15, 2024 at an average price of about $100,386 per Bitcoin.

This strategic action demonstrates MicroStrategy's continued dedication to using Bitcoin as its main treasury reserve asset.

MicroStrategy's Bitcoin holding now totals 439,000 Bitcoin, purchased for a cumulative investment of around $27.1 billion at an average price of $61,725 per Bitcoin.

The company has recorded impressive returns on its investments, with a year-to-date gain of 72.4% and a quarter-to-date (QTD) gain of 46.4%.

This acquisition comes in times of bullish trend in the crypto market with Bitcoin recently surpassing the mark of $107,000, driven by positive investor sentiment following political developments in the U.S and expectations of regulatory changes favorable to digital assets.

Due to its aggressive acquisition strategy, MicroStrategy now owns almost 2% of all Bitcoin, making it the largest corporate holder. Analysts noted that this approach by MicroStrategy not only enhances the market liquidity of MicroStrategy but also reflects a wider confidence in Bitcoin as a long-term store of value.

Many investors are nevertheless hopeful about the company's strategy and its prospects for future growth, despite some shareholder concerns about dilution from stock sales used to fund these purchases.

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