MicroStrategy’s Big Bitcoin Investment
MicroStrategy, known as the biggest corporate holder of Bitcoin, has recently added significantly to its crypto holdings. Between November 30 and December 26, the company bought 14,620 BTC at an average price of $42,620, making a total investment of $615 million.
Michael Saylor’s Announcement
Announcing the company’s latest move, Michael Saylor, the founder of MicroStrategy, revealed the acquisition of an additional 14,620 BTC at an average price of $42,110, totaling a $615 million investment.
As a result, MicroStrategy’s holdings now surpass the total worth of major cryptocurrencies like Litecoin, which has a collective valuation of $5.6 billion, the meme coin Shiba Inu with a market cap of $6.4 billion, and Toncoin, which falls just under MicroStrategy with a value of $7.9 billion.
Hot Take: MicroStrategy’s Bitcoin Investment
MicroStrategy’s substantial investment in Bitcoin continues to demonstrate the company’s confidence in the long-term value and potential of cryptocurrency as a strategic asset.
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