MicroStrategy Adds 14,620 Bitcoin to Its Holdings
Over the past month, MicroStrategy has acquired an additional 14,620 bitcoin, spending $615.7 million at an average price of $42,110 per bitcoin. This brings the company’s total bitcoin holdings to 189,150, purchased at an average price of $31,168. Currently valued at $8.1 billion, MicroStrategy’s holdings have gained $2.2 billion on paper.
Bitcoin Price Rise
The price of bitcoin has experienced an increase over the last month, rising from $37,400 to its current price of $42,880.
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Sale of Shares
On December 26, MicroStrategy sold 1 million shares as part of a previous plan to raise $750 million. This sale generated $610 million in funds for the company.
Hot Take: MicroStrategy Continues to Expand Its Bitcoin Holdings
MicroStrategy remains committed to expanding its bitcoin holdings as it sees the potential for further growth in the cryptocurrency market. With its recent purchase of 14,620 bitcoin and a total holding of 189,150 bitcoin, MicroStrategy is positioning itself as a major player in the crypto space. Despite the volatility of bitcoin’s price, the company’s investments have proven to be profitable so far. As more institutions and corporations enter the crypto market, MicroStrategy’s strategic approach could pay off even more in the future.
