The popular American business intelligence firm purchased 15,400 new BTC despite the high trade prices of Bitcoin.
Microstrategy is a popular business intelligence firm that is popular in the crypto space for its high Bitcoin-holding funds. Since 2020, this company has been continuously buying Bitcoin under the leadership of Michael Saylor, co-founder & former CEO of MicroStrategy firm. Saylor always remains engaged in planning new ideas for Bitcoin buying & plans to use Bitcoin to increase the company’s passive income.
On 2 Dec 2024, Michael Saylor informed the crypto community that his company purchased 15,400 BTC for $1.5 billion at the trade price of $95,976/BTC and has secured nearly 38.7% yield QTD and 63.3% YTD.
At the current date, this company holds a total of 402,100 $BTC acquired for ~$23.4 billion at ~$58,263 per bitcoin. $MSTR.
MicroStrategy has acquired 15,400 BTC for ~$1.5 billion at ~$95,976 per #bitcoin and has achieved BTC Yield of 38.7% QTD and 63.3% YTD. As of 12/2/2024, we hodl 402,100 $BTC acquired for ~$23.4 billion at ~$58,263 per bitcoin. $MSTR https://t.co/K3TK4msGp0
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— Michael Saylor⚡️ (@saylor) December 2, 2024
So now, at the current trade price of Bitcoin, Microstrategy has a net unrealised profit of $14.78 billion.
A day ago, Saylor hinted that his company was purchasing new Bitcoin to increase holdings. Now this company is holding 2% of the total Bitcoin supply.
Saylor’s Bitcoin presentation for Microsoft
Today, Saylor shared a 3-minute video clip, which is a Bitcoin presentation for Microsoft leadership. Through the presentation, Saylor explained why it would be better for Microsoft to adopt Bitcoin.
Some Bitcoin enthusiasts claimed that Microsoft was probably going to be the next big institutional player to buy Bitcoin.
Bitcoin price action
The current trade price of Bitcoin is $95,660 & this price level is 2% down over the last 7 days period.
Read also: $XRP pumps 50% in 7 days, surpasses Solana marketcap: $10 price is coming?
Microstrategy ($MSTR) purchases $1.5 billion worth of new Bitcoins at ATH prices
https://bitcoinik.com/microstrategy-mstr-purchases-1-5-billion-worth-of-new-bitcoins-at-ath-prices/feed/
https://bitcoinik.com/microstrategy-mstr-purchases-1-5-billion-worth-of-new-bitcoins-at-ath-prices/feed/
