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MicroStrategy, a number one enterprise intelligence and software program firm, has continued its steadfast dedication to Bitcoin by buying a further 14,620 BTC at a complete price of $615.7 million, Founder & Chairman Michael Saylor introduced right now. The acquisition got here as Bitcoin’s value has been experiencing upward momentum, reaching highs of over $42,000.
The corporate initially entered the Bitcoin market in August 2020, making a major preliminary funding of $250 million into BTC. Since then, they’ve persistently added to their Bitcoin holdings, making a treasury reserve technique that has garnered over 189,150 bitcoin value greater than $8.11 billion on the time of writing.
“On December 27, 2023, MicroStrategy Integrated (“MicroStrategy”) introduced that, throughout the interval between November 30, 2023 and December 26, 2023, MicroStrategy, along with its subsidiaries, acquired roughly 14,620 bitcoins for about $615.7 million in money, at a median value of roughly $42,110 per bitcoin, inclusive of charges and bills,” MicroStrategy acknowledged. “As of December 26, 2023, MicroStrategy, along with its subsidiaries, held an mixture of roughly 189,150 bitcoins, which have been acquired at an mixture buy value of roughly $5.895 billion and a median buy value of roughly $31,168 per bitcoin, inclusive of charges and bills.”
Because the fourth Bitcoin halving rapidly approaches and the primary spot Bitcoin ETF in the US could also be authorised early into the brand new yr, MicroStrategy continues its aggressive bitcoin funding technique with no indicators of slowing down.
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