MicroStrategy, the world's largest Bitcoin investment company, has just announced its latest purchase $BTC , raising the total number of BTC held to 439,000 BTC, equivalent to 46.6 billion USD at the current price.
Transaction details
• Amount purchased: 15,350 BTC.
• Purchase period: From December 9 to December 15.
• Total cost: Over 1.5 billion USD at an average price of 100,386 USD/BTC.
MicroStrategy and major advancements
MicroStrategy has now purchased Bitcoin for 6 consecutive weeks as demand for the company's stock (MSTR) has surged. #Nasdaq has also just announced that it will include MicroStrategy in the Nasdaq 100 - an index that includes the top 100 non-financial companies listed on Nasdaq. This will take effect on December 23.
Impressive stock and profits
• The price of MSTR stock is currently up 3%, reaching 419.60 USD.
• In the past year, the stock #microstrategy has increased by over 600%.
• Since the company first purchased Bitcoin in 2020, the stock has increased by up to 3,300%.
Michael Saylor, co-founder and executive chairman of MicroStrategy, continues to assert that Bitcoin is the ideal asset to preserve value and maximize returns for shareholders, surpassing gold, real estate, or tech stocks.
Bitcoin reaches a new historical peak
The price of Bitcoin has now reached 106,387 USD, breaking the previous record just a day earlier. The strong growth momentum of Bitcoin was fueled after the US presidential election on November 5, when Donald Trump was elected and promised to cut regulations, support the digital asset industry, and even proposed building a strategic Bitcoin reserve for the US.
MicroStrategy's continued increase in Bitcoin holdings is clear evidence of its belief in the long-term growth potential of cryptocurrency, while also bolstering positive sentiment across the entire crypto market.