The world\u2019s biggest corporate holder of bitcoin continues with its accumulation phase by allocating another $209 million to purchase 2,136 BTC.<\/p>\n
With this eight consecutive Monday purchase, the company\u2019s stash has skyrocketed to over 446,000 BTC.<\/p>\n
MicroStrategy has acquired 2,138 BTC for ~$209 million at ~$97,837 per bitcoin and has achieved BTC Yield of 47.8% QTD and 74.1% YTD. As of 12\/29\/2024, we hodl 446,400 $BTC<\/a> acquired for ~$27.9 billion at ~$62,428 per bitcoin. $MSTR<\/a> https:\/\/t.co\/58aXM7g6u2<\/a><\/p>\n \u2014 Michael Saylor (@saylor) December 30, 2024<\/a><\/p>\n\n After the multi-billion dollar acquisitions announced in November and early December, MicroStrategy has slowed down<\/a> on its BTC investments but still continues to allocate millions.<\/p>\n The latest, announced by co-founder Michael Saylor earlier today, came at an average price of $97.834 per BTC. The firm has now spent just shy of $28 billion to accumulate its stash at an average price of $62,428.<\/p>\n Although bitcoin\u2019s price stands around 15% away from its all-time high registered last week, MicroStrategy\u2019s holdings have a current value of $41.5 billion. This means that the firm now stands on an unrealized profit of more than $13 billion.<\/p>\n As it happened with the last couple of purchases, though, Peter Schiff, the well-known BTC critic, was first to bash Saylor and the company he co-founded. The gold bug has repeatedly claimed that MicroStrategy\u2019s purchases are the only thing that pushed BTC\u2019s price north. He now said that this \u201csmaller buy\u201d with an average price above the current one cannot keep the asset rising.<\/p>\n Once again you\u2019ve announced a smaller buy at an average price that\u2019s above the current price. You\u2019re no longer buying enough Bitcoin to keep the price rising.<\/p>\n \u2014 Peter Schiff (@PeterSchiff) December 30, 2024<\/a><\/p>\n\n It\u2019s worth noting that BTC\u2019s price has indeed tumbled in the past couple of weeks. It went from over $108,000 to its current level of $93,000, losing 15% in the process after the latest FOMC meeting for the year.<\/p>\n The post MicroStrategy\u2019s Latest Bitcoin Purchase Takes Total Holdings to 446,400 BTC<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" The world\u2019s biggest corporate holder of bitcoin continues with its accumulation phase by allocating another $209 million to purchase 2,136 BTC. With this eight consecutive Monday purchase, the company\u2019s stash has skyrocketed to over 446,000 BTC. MicroStrategy has acquired 2,138 BTC for ~$209 million at ~$97,837 per bitcoin and has achieved BTC Yield of 47.8% […]<\/p>\n","protected":false},"author":0,"featured_media":32058,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-32057","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\/32057"}],"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=32057"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/32057\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/32058"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=32057"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=32057"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=32057"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}