MicroStrategy has extended its bitcoin acquisition streak on Monday with another purchase announced by co-founder Michael Saylor a few minutes ago.
This time, the company was a little more modest by spending less than a billion to acquire 5,262 BTC.
MicroStrategy has acquired 5,262 BTC for ~$561 million at ~$106,662 per bitcoin and has achieved a BTC return of 47.4% QTD and 73.7% YTD. As of 12/22/2024, we accumulated 444,262 $BTC acquired for ~$27.7 billion at ~$62,257 per bitcoin. $MSTR
āMichael Saylorā”ļø (@saylor) December 23, 2024
MicroStrategy’s previous purchases, all announced on Mondays, were significantly more valuable in dollar terms. In fact, they were all worth more than a billion dollars.
With today’s announcement of 5,262 BTC purchased at an average price of $106,662, the company’s stock grew to 444,262. This means that most of the BTC was purchased before Wednesday, as the asset’s price began to retreat since then and has been below $100,000 since Thursday.
MicroStrategy has spent $27.7 billion to acquire its bitcoin fortune, which has now skyrocketed in value by $42.6 billion at current prices, despite the BTC correction.
MicroStrategy share prices have soared more than 400% in the past year and are worth $364 at press time. MSTR achieved another big milestone today as shares get into the Nasdaq 100.
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