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Cryptocurrency News Articles
MicroStrategy Adds 5,262 Bitcoins to Its Holdings, Now Stores 444,262 BTC
Dec 24, 2024 at 01:36 am
MicroStrategy, a publicly traded company known for its Bitcoin holdings, announced on December 23rd the purchase of 5,262 Bitcoin between December 16th and December 22nd.
Technology company MicroStrategy announced on Friday the purchase of 5,262 Bitcoin between December 16 and 22.The company, known for its large Bitcoin holdings, stated that the average price paid per coin was $106,662, for a total investment of $561 million.
Following the acquisition, MicroStrategy and its subsidiaries hold 444,262 Bitcoin, acquired at a total cost of $27.7 billion and an average price of $62,257 per Bitcoin.
This transaction is part of the company’s ongoing December buying spree, during which it acquired 42,162 Bitcoin, now valued at $4 billion.
The latest acquisition, while notable, represents the smallest purchase disclosed by MicroStrategy since mid-2024, when it acquired 169 Bitcoin over two months.
Founder Michael Saylor has reiterated his long-term commitment to Bitcoin accumulation, stating in December, “I’m sure that I will be buying Bitcoin at $1 million a coin — probably $1 billion dollars a day of Bitcoin at $1 million a coin.”
$BTC is “going to appreciate against the dollar forever,” MicroStrategy executive chairman @saylor says, adding: “I expect that it’ll be the most valuable thing in the world 100 years from now.” pic.twitter.com/15RaoqV82A
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