🐳MicroStrategy buys another $4.6 billion in Bitcoin

Amid the bull market, Michael Saylor's MicroStrategy bought another $4.6 billion in Bitcoin. Saylor announced the purchase of Bitcoin on X. As a result, the company's holdings increased by 51,780 BTC.

👉So far, MicroStrategy's "accumulate as much Bitcoin as possible" strategy has yielded extremely good results. This move has seen the company continue to increase its investment in Bitcoin.

With this investment strategy, MicroStrategy just buys more Bitcoin without looking at the price. Michael Saylor says MicroStrategy bought another $4.6 billion in Bitcoin.

👉Thus, with the latest purchase, MicroStrategy has increased its total holdings to 331,200 BTC. The coin is valued at a staggering $16.5 billion but is even more impressive when considering the average cost per BTC. According to Saylor, the company buys at an average price of $49,874 per Bitcoin.

During the last week, BTC price reached an all-time high of $93,477. Bitcoin's bullish trend is expected by analysts to continue next year.

👉To this point, MicroStrategy's Bitcoin investment has brought many positive results. This helped the company's shares reach an all-time high, closing at $356.69.

In a recent disclosure, MicroStrategy said that it is raising $42 billion over the next three years, all with the aim of buying more Bitcoin.