MicroStrategy is investing heavily in Bitcoin again. The company recently “overweighted” 14,620 Bitcoins for $615.7 million in cash, with an average price of $42,110. This latest purchase brings MicroStrategy’s total Bitcoin holdings to 189,150, at an average price per Bitcoin of $31,168 based on a cumulative purchase cost of approximately $5.9 billion.
MicroStrategy CEO Michael Saylor has been at the forefront of the company’s cryptocurrency strategy. He firmly believes that Bitcoin is a store of value and an effective hedge against inflation, and his unwavering faith in the cryptocurrency has led MicroStrategy to continually increase its Bitcoin holdings and view it as a long-term investment.
This latest purchase marks MicroStrategy’s largest Bitcoin investment in the past two years, further solidifying the company’s position as one of the world’s most significant Bitcoin holders. According to documents posted on its website on the 27th, the company spent $615.7 million on its latest investment, at an average price of $42,110 per Bitcoin, with these buying operations taking place between November 30 and December 26. Performed during the day.
MicroStrategy’s success in investing in Bitcoin has attracted attention and admiration from those in the industry. The company’s strategic approach to cryptocurrencies has been successful and its continued investment behavior demonstrates the company’s commitment to this digital asset. As the cryptocurrency world continues to evolve, MicroStrategy remains a key player and with its large Bitcoin holdings, MicroStrategy is positioned to benefit from the future growth and potential of the cryptocurrency market.
〈MicroStrategy Overweight! The latest purchase of 14,620 Bitcoins for US$615 million> This article was first published on "Blocker".
