Michael Saylor announced that his business intelligence company acquired 21,550 BTC for the company’s reserve fund.
Microstrategy is a business intelligence company. Under the leadership of Michael Saylor, co-founder and former CEO of MicroStrategy, this company has been continuously buying Bitcoin with the intention of making Microstrategy a million-dollar Bitcoin company.
On December 9, 2024, Michael Saylor announced the acquisition of 21,550 BTC for almost $2.1 billion at a trading price of $98,783 per BTC.
With this new purchase, Microstrategy now has a net of 423,650 $BTC.
With this stake, Microstrategy has an unrealized gain of $16.4 billion. The company spent an average of $60,324 per bitcoin to acquire 423,650 BTC.
Rising Bitcoin buying efforts and unrealized holding gains create FOMO among big players to buy Microstrategy ($MSTR) stock. For example, today, Abel Hall LLC bought 1,382 shares of MicroStrategy.
BlackRock has 2.5% Bitcoin supply
The world’s leading fund manager currently holds 500,000 BTC on behalf of Bitcoin Spot ETF (IBIT) buyers. This amount of Bitcoin is almost equal to 2.5% of the total Bitcoin supply.
At a Brazil 2024 āDigital Asset Conference,ā BlackRock leadership said the speed of adoption of Bitcoin and blockchain technology has been fastest on the Internet and cell phones.
Big companies to buy Bitcoin
According to speculations, amid the growing fomo around Bitcoin, the world’s top companies like Apple, Microsoft, and Google may show an inclination towards investing in Bitcoin. However, so far, no CEO of such large companies has shown any intention to adopt this innovative sector.
Also Read: Amazon Shareholders Demand Amazon Buy Bitcoin (BTC)
