⏭️(FOLLOW ME ❤️ 🫶)⏮️
MicroStrategy, a software company, has bought 21,550 Bitcoin for $2.1 billion. This is the fifth consecutive week the company has purchased Bitcoin, continuing its buying spree that started in November.
Details of the Purchase⤵️
➡️Bitcoin Bought: 21,550 BTC
⏭️Total Cost: $2.1 billion
⏭️Price per Bitcoin: $98,783
⏭️Total Bitcoin Owned by MicroStrategy: 423,650 BTC🪙
⏭️Total Spent on Bitcoin: $25.6 billion💸
⏭️Average Price Paid for Bitcoin: $60,324
Now, MicroStrategy owns more than 2% of all Bitcoin in circulation.
Performance of Bitcoin Investment
⏭️Return this Quarter (QTD): 43.2%
⏭️Return this Year (YTD): 68.7%
MicroStrategy has seen strong returns on its Bitcoin investment this year.
Other Developments
Corporate Interest in Bitcoin: Other companies, like Worksport, are also starting to invest in Bitcoin for their business reserves.
Proposals for Bitcoin Adoption: The National Center for Public Policy Research (NCPPR) has proposed that Amazon invest 5% of its cash reserves in Bitcoin.
Microsoft Vote: Shareholders of Microsoft will vote soon on whether the company should adopt Bitcoin.
MicroStrategy continues to build its Bitcoin holdings, following its belief that cryptocurrency is a good investment for its long-term growth. Let me know your Thought guys👇#BTC #Binance #DOGE #ETH #SOLANA $BTC