There are few certainties in life, but one thing seems guaranteed: MicroStrategy will keep buying Bitcoin (BTC). The software company announced a new purchase today via its official website. This time, 2,138 BTC were purchased, for a total amount of $209 million.
Details of the purchase
The digital coins were purchased between December 23 and 29 at an average price of $97,837 each. This purchase is part of the company’s strategy to acquire Bitcoin on a weekly basis, an approach it has been consistently following since October 2024. With the latest transaction, MicroStrategy marks its eighth consecutive week of investments.
However, it is striking that the purchase volume in December is significantly lower compared to the record purchases of more than 100,000 BTC in November. It appears the company has taken a more steady approach to its recent purchases.
Financing and total assets
MicroStrategy financed the investment by selling 592,987 shares during the same period. With the latest purchase, the company brings its total Bitcoin holdings to 446,400 BTC, with an estimated market value of $41.5 billion. This leaves MicroStrategy as one of the largest institutional Bitcoin holders in the world.
“No price too high”
MicroStrategy’s strategy appears to be paying off. The company posted an annual return of as much as 74.1% in 2024. Michael Saylor, co-founder and chairman of MicroStrategy, emphasized that the company will continue to buy Bitcoin regardless of the market price. Saylor even stated that a price of $1 million per BTC would not be a barrier to future purchases.
Bitcoin as the ultimate asset
Saylor has been an outspoken supporter of Bitcoin for years. According to him, the digital currency is the ultimate store of value and a superior alternative to traditional assets such as fiat money. He sees BTC as a powerful tool to protect assets against inflation, especially in a world where currencies continue to lose purchasing power.
Claim €10 free today and pay no trading fees on the first €10,000!
Grab this unique opportunity with Newsbit and Bitvavo by creating an account now via the button below. Deposit just €10 and immediately receive €10 free. In addition, you can trade your first €10,000 in trades for 7 days without any fees. Start today and benefit immediately from the growing popularity of crypto!
Create your account and claim your €10 free.
Don’t miss this opportunity to immediately benefit from the growing popularity of Crypto!
Source: https://newsbit.nl/microstrategy-breidt-bitcoin-bezit-uit-met-209-miljoen-aankoop/
