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Cryptocurrency News Articles
MicroStrategy Increases Bitcoin Holdings to 450,000 BTC with $243 Million Purchase, Continuing Long-Term Investment Strategy under CEO Michael Saylor
Jan 16, 2025 at 07:00 pm
In a major move in the world of Bitcoin, MicroStrategy has made another big purchase of Bitcoin. It spent $243 million and purchased 2,530 BTC.
MicroStrategy has made another large purchase of Bitcoin, spending $243 million to acquire 2,530 BTC.
The average price at which the Bitcoin was purchased is $95,972. MicroStrategy now holds 450,000 BTC, which cost it $28.2 billion as of January 12, 2025. This means that the average price of the Bitcoin it holds is $62,691. So far this year, its Bitcoin yield is just 0.32%.
Previously, on January 6, 2025, MicroStrategy had purchased 1,070 BTC for $101 million, bringing the total to date. The average price of Bitcoin was $94,004.
This is part of the company’s continuing plan to build its Bitcoin reserves. These large purchases demonstrate MicroStrategy’s commitment to Bitcoin as a long-term investment.
MicroStrategy Leads the Charge with $18 Billion Bitcoin Investment
MicroStrategy CEO Michael Saylor has been a passionate proponent of Bitcoin, also proposing a bold vision for digital assets in the U.S.
Reserves of Bitcoin should be created by the U.S. government, says Saylor, and this could generate anywhere from $16 trillion to $81 trillion in wealth for the U.S. Treasury, he suggests. Furthermore, he believes that Bitcoin can help to reduce the national debt. Savor thinks Bitcoin could be a game-changer for the U.S. economy.
In the past ten weeks, MicroStrategy has spent more than $18 billion to acquire Bitcoin. The company is valued at $81B, which exceeds its Bitcoin net asset value. Investors must be very confident in the company’s strategy for it to pay such a high premium. They believe in the long-term value of Bitcoin.
Overall, MicroStrategy is carving out a unique niche in Bitcoin. However, the company continues to purchase large amounts of the cryptocurrency, which it sees as part of the future.
If Michael Saylor’s vision for the Bitcoin world is realized, it could drastically alter the U.S.’s approach to financial policy. Bitcoin may play a leading role in the future of global finance if it gains favor. These investments position MicroStrategy among the leaders in the digital asset space. Only time will tell if the strategy will pay off in the long run.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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- Minnesota Could Soon Join the Growing List of States Integrating Bitcoin Into Government Operations
- Mar 19, 2025 at 07:46 pm
- Minnesota could soon join a growing list of states looking to integrate Bitcoin into state finances. Senator Jeremy Miller (R-Winona) has introduced the Minnesota Bitcoin Act (SF2661), a bill aimed at adding Bitcoin to state investment portfolios
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