MicroStrategy, led by Michael Saylor, has solidified its position as one of the largest corporate holders of Bitcoin. The company recently added 12,333 Bitcoin to its portfolio, spending a staggering $347 million in the process. This brings MicroStrategy’s total Bitcoin holdings to approximately 152,333, valued at $4.6 billion.
Key points:
– MicroStrategy purchased the Bitcoin at an average price of $28,136, showcasing their ability to capitalize on market fluctuations.
– The company’s latest acquisition period lasted from April 29 to June 27.
– Despite the volatility of the cryptocurrency market, MicroStrategy remains confident in Bitcoin, as evidenced by their consistent investments.
– In total, MicroStrategy has invested around $4.52 billion in Bitcoin, with an average purchase price of $29,668.
Hot take:
MicroStrategy’s relentless pursuit of Bitcoin sets a strong example for other companies and demonstrates their long-term commitment to cryptocurrency. With their significant holdings and strategic buying approach, MicroStrategy has positioned itself as a major player in the Bitcoin market. As the story continues to unfold, it will be interesting to see how other companies follow suit and embrace cryptocurrency as a valuable asset.
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