[Lunch Briefing] MicroStrategy, the Largest BTC Holder, Purchases $2 Billion in BTC

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Bitcoin (BTC) price chart as of 12:43 pm on the 12th./Source=Bithumb


Major virtual assets are on the rise.

As of 12:43 pm on the 12th, based on Bithumb, BTC rose 7.27% from the previous day to 12,386,500 won. Ethereum (ETH) rose 5.18% to 4,687,000 won, Solana (SOL) rose 1.11% to 309,800 won, Binance Coin (BNB) rose 5.46% to 917,500 won, and Ripple (XRP) rose 4.66% to 853 won.



The international market is also on the rise.

At the same time, on CoinMarketCap, BTC recorded $87,710.03, up 7.92% from the previous day. ETH rose 4.39% to $3,327.88, SOL rose 4.63% to $219.75, BNB rose 2.46% to $652.03, and XRP rose 2.25% to $0.6061.

The total market capitalization of virtual assets increased by 5.36% from the previous day to about $2.95 trillion (about 4,132.36 trillion won). The Crypto Fear and Greed Index of alternative.me, a virtual asset data company, rose 4 points from the previous day to 80 points, indicating 'extreme greed'.

MicroStrategy, the company with the most BTC holdings, purchased 27,200 BTC for $2 billion.

According to CoinTelegraph on the 11th (local time), MicroStrategy holds 279,420 BTC (about $230 billion).

MicroStrategy's BTC annual return on investment is 26.4%. MicroStrategy has purchased BTC 42 times, with an average purchase price of $39,292.

MicroStrategy said it "purchased BTC with funds raised from the capital market." On the 10th, MicroStrategy sold about 7.8 million shares for about $2 billion.

After the confirmation of the election of former President Donald Trump on the 8th, MicroStrategy's stock price rose 19.9%. Meanwhile, the Saylor Tracker, a MicroStrategy BTC portfolio tracker, said that on the 10th, MicroStrategy's BTC investment return on investment (ROI) exceeded 100%.

Reporter Hae-yeon Kang
haeyeon41@rni.kr
< Copyright holder ⓒ Decenter, Unauthorized reproduction and redistribution prohibited >

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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