MicroStrategy Adds $150 Million to Bitcoin Holdings, Reaching New High
MicroStrategy Adds $150 Million to Bitcoin Holdings, Reaching New HighOn December 16th, it was reported that business intelligence firm MicroStrategy made another significant purchase of Bitcoin. Bloomberg reported that the company acquired approximately 15,350 Bitcoin between December 9th and 15th, for roughly $150 million
MicroStrategy Adds $150 Million to Bitcoin Holdings, Reaching New High
On December 16th, it was reported that business intelligence firm MicroStrategy made another significant purchase of Bitcoin. Bloomberg reported that the company acquired approximately 15,350 Bitcoin between December 9th and 15th, for roughly $150 million. This brings MicroStrategy's total Bitcoin holdings to a new all-time high.
While the average price per Bitcoin for this purchase wasn't disclosed, given the recent price volatility, it's likely the purchase price was close to the market price during that period.
MicroStrategy has been consistently accumulating Bitcoin since 2020, holding it as a part of its long-term strategic asset allocation. CEO Michael Saylor has been a vocal and steadfast proponent of Bitcoin, repeatedly expressing his bullish outlook on the digital asset.
MicroStrategy's continued buying spree has undoubtedly injected fresh energy into the Bitcoin market and reaffirms the ongoing interest of institutional investors in digital assets. Despite recent price fluctuations in Bitcoin, MicroStrategy's persistent investment demonstrates its unwavering confidence in the long-term value of Bitcoin.
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