Business intelligence company MicroStrategy has made big headlines again with its latest acquisition of 18,300 Bitcoin, valued at approximately $1.11 billion.\u00a0<\/p>\n
The purchase, the largest by the company in over three years, was disclosed in a recent filing <\/a>with the US Securities and Exchange Commission (SEC), which took place between August 6 and September 12, 20241.<\/p>\n This purchase brings MicroStrategy\u2019s total Bitcoin holdings to around 244,800 BTC, valued at approximately $14 billion. Notably, this represents about 1% of all Bitcoin ever issued<\/a>.\u00a0The company acquired its Bitcoin at an aggregate purchase price of about $9.45 billion, with an average purchase price of approximately $38,585.<\/p>\n According <\/a>to Bloomberg, the company\u2019s latest acquisition was financed through the issuance and sale of common shares, a strategy that has been part of its broader capital allocation plan. In August, MicroStrategy conducted a 10-for-1 stock split to make its shares more accessible to investors and employees.<\/p>\n Based in Tysons Corner, Virginia, MicroStrategy began its Bitcoin acquisition strategy in 2020 as a hedge against inflation<\/a>. Co-founder and executive chairman Michael Saylor has been a vocal advocate for Bitcoin, viewing it as a superior store of value compared to traditional assets like cash, bonds, or gold.\u00a0<\/p>\n Despite the volatility in the cryptocurrency market, Saylor remains confident in Bitcoin\u2019s long-term potential and continues to accumulate more digital assets.<\/p>\n As reported <\/a>by NewsBTC, Saylor revealed that he owns about $1 billion worth of BTC and has no plans to sell any of his holdings. He believes Bitcoin is a great investment for individuals, families, institutions, and even countries.\u00a0<\/p>\n However, Saylor\u2019s belief in BTC\u2019s potential is further reflected in his prediction <\/a>that the cryptocurrency could reach a value of $13 million by 2045, based on the belief that BTC will eventually evolve to reach 7% of the world\u2019s capital.<\/p>\nMicroStrategy Now Holds 1% Of All BTC Ever Issued<\/h2>\n
Bitcoin Price Analysis<\/h2>\n