MicroStrategy Loads Up on 480 More Bitcoin: Details Revealed
MicroStrategy continues its aggressive Bitcoin acquisition strategy! The company, known for its unwavering commitment to the leading cryptocurrency, recently added to its already massive holdings. Get the details on MicroStrategy's latest Bitcoin purchase and what it means for the future of the company and the cryptocurrency market.
MicroStrategy's Latest Bitcoin Buy: 480 BTC Acquired
MicroStrategy has purchased an additional 480 bitcoins for ~$10.0 million at an average price of ~$20,817 per bitcoin. As of @MicroStrategy holds ~129,699 bitcoins. This latest acquisition further solidifies MicroStrategy's position as one of the largest corporate holders of Bitcoin globally. But it doesn't stop there, MicroStrategy’s latest purchase brings its total holdings to more than 470,000 Bitcoins, the software company said in a filing with the Securities and Exchange Commission.
MicroStrategy (MSTR) Stock Soars Thanks to Bitcoin Strategy
MicroStrategy (MSTR) is on a tear, blowing past nearly every other stock in the U.S. with a 480% surge this year, thanks to one relentless strategy: buying Bitcoin. CEO Michael Saylor's conviction in Bitcoin as a store of value and a hedge against inflation has resonated with investors, driving significant gains for the company.
A Deep Dive into MicroStrategy's Bitcoin Investment
American business intelligence, mobile software, and cloud-based services firm, MicroStrategy Incorporated has announced it has acquired an additional 480 Bitcoin (BTC). Business intelligence firm MicroStrategy has added to its Bitcoin holdings, reaffirming CEO Michael Saylor’s bullish outlook on the digital asset despite its recent struggles. MicroStrategy has purchased an additional 480 bitcoins for ~$10.0 million at an average price of ~$20,817 per bitcoin. As of MicroStrategy holds ~129,699 bitcoins acquired for.The company doing business as Strategy snaps up 4,020 digital tokens.
Recent reports indicate that MicroStrategy has spent $20.5 billion to buy bitcoin in less than three months, or nearly half what it planned to spend over the next three years, showcasing the company's increasingly bullish stance. Stay tuned for more updates on MicroStrategy's continued Bitcoin strategy.