The popular American business intelligence firm bought 15,400 new BTC despite high Bitcoin trading prices.
Microstrategy is a popular business intelligence company 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 and former CEO of the firm MicroStrategy. Saylor always remains engaged in planning new Bitcoin purchasing ideas and plans to use Bitcoin to increase the company’s passive income.
On December 2, 2024, Michael Saylor informed the crypto community that his company purchased 15,400 BTC for $1.5 billion at the trading price of $95,976/BTC and has returned nearly 38.7% for the quarter and year. 63.3% so far this year.
As of today, this company owns a total of 402,100 $BTC purchased for ~$23.4 billion at ~$58,263 per bitcoin. $MSTR.
So now, at the current trading price of Bitcoin, Microstrategy has a net unrealized profit of $14.78 billion.
A day ago, Saylor hinted that his company was purchasing new Bitcoin to increase its holdings. Now this company owns 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 to Microsoft leadership. Through the presentation, Saylor explained why it would be better for Microsoft to adopt Bitcoin.
Some Bitcoin enthusiasts claimed that Microsoft would likely be the next big institutional player to buy Bitcoin.
Bitcoin price action
The current trading price of Bitcoin is $95,660 and this price level is down 2% over the last 7 days.
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