MicroStrategy, led by Bitcoin $BTC enthusiast Michael Saylor, has added 5,262 BTC to its holdings between December 16 and December 22, 2024. This massive purchase, worth $561 million, was made at an average price of $106,662 per Bitcoin.
🔹 Total Holdings: 444,262 BTC
🔹 Investment Cost: $27.7 billion
🔹 Average Price: $62,257 per BTC
The purchase was funded by selling 1.3 million shares of MicroStrategy’s stock, showing the company's commitment to Bitcoin as a treasury reserve asset.
🌟 Why It Matters:
Despite Bitcoin’s current dip to ~$93,693, MicroStrategy remains bullish, betting on its long-term value.
This reinforces institutional confidence in Bitcoin as a hedge against inflation and economic uncertainty.
💬 Michael Saylor’s Vision:
Saylor sees Bitcoin as the ultimate store of value, outshining traditional assets like gold.
Do you think this bold strategy will pay off in the long run? Let us know in the comments! 👇
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