MICROSTRATEGY MAINTAINS ITS STRONG POSITION WITH A HUGE $1.1 BILLION BITCOIN INVESTMENT‼️
MicroStrategy increased its Bitcoin holdings to 244,800 BTC by purchasing an additional 18,300 BTC. The company spent approximately $1.11 billion for this purchase, bringing its total investment to $9.45 billion (CryptoBriefing, 2024).
MicroStrategy, led by Michael Saylor, purchased at an average cost of $38,585 per Bitcoin, while its current market value reached approximately $14.14 billion (Cointelegraph, 2024). Saylor emphasized his strategy with the words, “We will buy Bitcoin forever” (CryptoPotato, 2024).
The company continues to lead the cryptocurrency market by continuing to believe in Bitcoin’s long-term potential.
MicroStrategy’s strategic moves could trigger a new wave of investment in the market.
#Binance #elg #BinanceBlockchainWeek #escoin $BTC $ETH
Sources:
• CryptoBriefing, 2024. “MicroStrategy nears $10 billion invested in Bitcoin with latest BTC acquisition.”
• Cointelegraph, 2024. “MicroStrategy adds 18,300 Bitcoin, now holds $14.14B worth of BTC.”
• CryptoPotato, 2024. “MicroStrategy Announces Massive $1.1 Billion Bitcoin (BTC) Purchase.”
