MicroStrategy Continues to Buy Another $2.1 Billion in Bitcoin

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Michael Saylor has just posted the latest announcement about his company's continued purchase of BTC, the information is currently causing a stir as the total number of Bit the company holds has reached 423,650 BTC.

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MicroStrategy, the world's largest holder of Bit, announced on Monday that it has added 21,550 BTC worth about $2.1 billion to its investment portfolio. This purchase transaction was carried out between December 2 and December 8, bringing the total number of Bit the company owns to 423,650 BTC, with an estimated total value of $42 billion.

Notably, this is the fifth consecutive week that MicroStrategy has continued to increase its Bit holdings. Previously, the company had made a large purchase of 15,400 BTC, worth about $1.5 billion, at an Medium price of $95,976 per coin.

These figures reflect MicroStrategy's long-term strategy of capitalizing on the growth potential of Bit. Against the backdrop of Bit prices continuously setting new highs, the latest being $98,000, this move not only increases the value of the company's assets but also strengthens investor confidence in the company's vision.

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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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