It seems like a recurring event now, but MicroStrategy, the world\u2019s largest corporate holder of BTC, has announced another massive acquisition.<\/p>\n
This time, the firm spent $2.1 billion at an average price of $98,782 to acquire 21,550 BTC.<\/p>\n
MicroStrategy has acquired 21,550 BTC for ~$2.1 billion at ~$98,783 per #bitcoin<\/a> and has achieved BTC Yield of 43.2% QTD and 68.7% YTD. As of 12\/8\/2024, we hodl 423,650 $BTC<\/a> acquired for ~$25.6 billion at ~$60,324 per bitcoin. $MSTR<\/a> https:\/\/t.co\/8r7bFqMFof<\/a><\/p>\n \u2014 Michael Saylor (@saylor) December 9, 2024<\/a><\/p>\n\n With this quite substantial purchase, Saylor and his team have increased the firm\u2019s total bitcoin stash to 423,650 BTC. At current prices, this fortune equates to roughly $42 billion.<\/p>\n Given that the company spent $25.6 billion to accumulate it, this means that the NASDAQ-listed giant now sits on an unrealized profit worth more than $17 billion.<\/p>\n Recall that MicroStrategy has continuously been announcing<\/a> large BTC purchases for the past four Mondays.<\/p>\n In a recent interview, Saylor, the bitcoin champion of the firm, said they will keep purchasing the asset\u2019s top even when it surges to $1 million. He envisioned<\/a> that the cryptocurrency will continue to surge in value in the following decades and will skyrocket to $13 million per BTC by 2045.<\/p>\n The post MicroStrategy\u2019s Bitcoin Stash Rises to 423,650 BTC After Another Multi-Billion Dollar Purchase<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" It seems like a recurring event now, but MicroStrategy, the world\u2019s largest corporate holder of BTC, has announced another massive acquisition. This time, the firm spent $2.1 billion at an average price of $98,782 to acquire 21,550 BTC. MicroStrategy has acquired 21,550 BTC for ~$2.1 billion at ~$98,783 per #bitcoin and has achieved BTC Yield […]<\/p>\n","protected":false},"author":0,"featured_media":26948,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-26947","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\/26947"}],"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=26947"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/26947\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/26948"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=26947"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=26947"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=26947"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}