[Lunch Briefing] MicroStrategy Buys Bitcoin Again… 2 Trillion Won

Major virtual assets are on the rise.

As of 12:55 pm on December 3, based on Bithumb, BTC fell 0.11% from the previous day to 13,401,600 won. Ethereum (ETH) rose 0.22% to 5,082,000 won, XRP rose 4.5% to 3,810 won, Solana (SOL) rose 1.11% to 318,400 won, and Binance Coin (BNB) rose 1.56% to 909,500 won.



The international market is on a downward trend.

At the same time, on CoinMarketCap, BTC recorded $96,148.5, down 1.06% from the previous day. ETH traded at $3,641.88, down 1.57% from the previous day, XRP at $2.73, up 12.94%, SOL at $228.26, down 1.17%, and BNB at $652.32, down 0.47%.

The total market capitalization of virtual assets increased by 1.45% from the previous day to about $3.49 trillion (about 497.17 trillion won). The Crypto Fear and Greed Index of the virtual asset data company Alternative.me fell 4 points from the previous day to 76 points, indicating 'extreme greed' status.

Microstrategy, which holds the most BTC in the world on a single company basis, additionally purchased $150 million (about 21,055.5 billion won) worth of BTC last week.

On December 2 (local time), CoinTelegraph reported that Microstrategy purchased about 15,400 BTC from November 25 to December 1. The average purchase price per unit was $95,976. Microstrategy is known to have raised funds for BTC purchases by selling 3.7 million Class A common shares.

With this purchase, Microstrategy's BTC holdings as of December 1 amounted to 402,100 (about $384 billion), accounting for about 2.03% of the total BTC supply.

Meanwhile, on December 2, Microstrategy CEO Michael Saylor gave a presentation on the BTC investment strategy at the Microsoft Board of Directors meeting. Saylor said, "If Microsoft fully invests in BTC, its market capitalization could grow to $5 trillion, and its stock price could rise to $584 within the next 10 years."

As of this day, Microstrategy's stock price has risen 450% this year.

Kang Hae-yeon, reporter

haeyeon41@rni.kr