Monday begins on a similar note for Bitcoin enthusiasts as MicroStrategy has made another massive acquisition, this time for $1.5 billion in BTC.<\/p>\n
Popular Bitcoin bull Adam Back was quick to praise the company\u2019s move, describing the average entry of $95,976 as a \u2018good price.\u2019<\/p>\n
MicroStrategy has acquired 15,400 BTC for ~$1.5 billion at ~$95,976 per #bitcoin<\/a> and has achieved BTC Yield of 38.7% QTD and 63.3% YTD. As of 12\/2\/2024, we hodl 402,100 $BTC<\/a> acquired for ~$23.4 billion at ~$58,263 per bitcoin. $MSTR<\/a> https:\/\/t.co\/K3TK4msGp0<\/a><\/p>\n \u2014 Michael Saylor (@saylor) December 2, 2024<\/a><\/p>\n\n This is the third consecutive Monday that the Michael Saylor-founded business intelligence behemoth has announced a substantial BTC purchase. Although the firm spent roughly $1.5 billion to acquire 15,400 BTC now, it still trails behind the record<\/a> set last week of 55,500 BTC (worth $5.4 billion at the time).<\/p>\n With its latest acquisition, MicroStrategy\u2019s total Bitcoin stash has risen to 402,100 BTC, bought at an average price of $58,263.<\/p>\n This means that the firm has spent almost $23.5 billion to accumulate its Bitcoin holdings. Given the asset\u2019s current price of just over $95,000, this puts the value of the stash at well above $38 billion \u2013 or a paper gain of nearly $15 billion.<\/p>\n Blockstream\u2019s co-founder and long-time Bitcoin supporter Adam Back commented on Saylor\u2019s post, saying<\/a> that \u201csuckers\u201d sold their BTC at prices below $100,000 to Saylor and MicroStrategy over the weekend.<\/p>\n The post Another Monday, Another Buy: MicroStrategy Adds 15,400 BTC for $1.5 Billion<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Monday begins on a similar note for Bitcoin enthusiasts as MicroStrategy has made another massive acquisition, this time for $1.5 billion in BTC. Popular Bitcoin bull Adam Back was quick to praise the company\u2019s move, describing the average entry of $95,976 as a \u2018good price.\u2019 MicroStrategy has acquired 15,400 BTC for ~$1.5 billion at ~$95,976 […]<\/p>\n","protected":false},"author":0,"featured_media":25057,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-25056","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/25056"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=25056"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/25056\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/25057"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25056"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25056"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25056"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}