Michael Saylor, MicroStrategy\u2019s BTC champion, has announced another massive bitcoin purchase from the company he co-founded, which is actually the first with the asset\u2019s price above $100,000.<\/p>\n
Interestingly, Peter Schiff was quick to intercept the announcement with another criticism against Saylor, his company, and BTC.<\/p>\n
MicroStrategy has acquired 15,350 BTC for ~$1.5 billion at ~$100,386 per #bitcoin<\/a> and has achieved BTC Yield of 46.4% QTD and 72.4% YTD. As of 12\/15\/2024, we hodl 439,000 $BTC<\/a> acquired for ~$27.1 billion at ~$61,725 per bitcoin. $MSTR<\/a> https:\/\/t.co\/SaWLNBVkrl<\/a><\/p>\n \u2014 Michael Saylor (@saylor) December 16, 2024<\/a><\/p>\n\n As Saylor\u2019s post reads, the NASDAQ-listed giant spent roughly $1.5 billion to acquire 15,350 BTC at an average price of $103,386. The firm\u2019s total stash has grown to 439,000 BTC, valued at well above $44 billion at current prices, while it spent $27.1 billion to acquire it.<\/p>\n MicroStrategy\u2019s BTC yield has grown to 46.4% in the past quarter alone, with the number standing above 72% for the entire year.<\/p>\n Thus, the company has continued a recent\u00a0tradition<\/a> that started several weeks ago: announcing massive purchases worth over $1 billion on Monday.<\/span><\/p>\n Another thing that didn\u2019t change this week is the vocal criticism of well-known bitcoin hater \u2013 Peter Schiff. The gold bug commented<\/a> under Saylor\u2019s post that BTC\u2019s price will plunge once the firm stops buying.<\/p>\n \u201cJust as I suspected. Imagine how much lower the Bitcoin price will fall when you stop buying. Then imagine how much lower it will go when creditors force you to sell.\u201d<\/p>\n The post MicroStrategy Announces First Bitcoin Purchase With BTC Prices Above $100K<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Michael Saylor, MicroStrategy\u2019s BTC champion, has announced another massive bitcoin purchase from the company he co-founded, which is actually the first with the asset\u2019s price above $100,000. Interestingly, Peter Schiff was quick to intercept the announcement with another criticism against Saylor, his company, and BTC. MicroStrategy has acquired 15,350 BTC for ~$1.5 billion at ~$100,386 […]<\/p>\n","protected":false},"author":0,"featured_media":28805,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-28804","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\/28804"}],"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=28804"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/28804\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/28805"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=28804"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=28804"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=28804"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}