đ #MicroStrategy Buys 21,550 BTC for $2.1B
MicroStrategy has added 21,550 $BTC at an average price of $98,783 per Bitcoin, investing $2.1 billion between Dec. 2â8. This boosts its total holdings to 423,650 BTC, worth $25.6 billion, making up over 2% of Bitcoinâs total supply.
đ Key Points:
*/ Co-founder Michael Saylor remains a staunch Bitcoin
advocate, even suggesting the US shift its gold reserves to BTC.
*/ Other Corporations: Worksport plans to adopt BTC in its
treasury, and Amazon & Microsoft are seeing Bitcoin adoption
proposals.
*/ Market Impact: Bitcoin reclaimed $99K after the news, briefly hitting $104K last week.
MicroStrategy's bold BTC strategy has driven $MSTR stock up 500% YTD, outperforming Bitcoin itself.
#bitcoinâď¸ #MicroStrategyAcquiresBTC #Write2Earn! #MichealSaylor