$BTC MicroStrategy's Bitcoin Purchases Surpass 2021 Bull Market Levels

According to MicroStrategy co-founder Michael Saylor, the company currently holds 439,000 Bitcoin, valued at approximately $27 billion.

MicroStrategy's Bitcoin purchases exceed the highs recorded during the 2021 bull market.

MicroStrategy's periodic Bitcoin purchases have surpassed the highest levels recorded during the 2021 bull market. The company's BTC purchases in November and December are also increasing in size compared to the acquisitions made in early 2024.

According to the Saylortracker page, MicroStrategy acquired 27,200 BTC on November 10, 2024, at approximately $74,000 per coin. MicroStrategy acquired another 51,780 BTC on November 17, followed by its largest recorded purchase of 55,500 BTC on November 24 at a price of approximately $97,000 per coin.

During the 2020-2021 bull market, MicroStrategy's largest acquisition was 29,646 Bitcoin on December 21, 2020, when Bitcoin was trading around the price level of $21,000.

MicroStrategy's corporate treasury plan for Bitcoin has inspired other companies to follow suit, and many traders view it as a positive catalyst for the price of Bitcoin, attracting institutional capital and liquidity from the stock market into the Bitcoin market.

Michael Saylor, co-founder of MicroStrategy, previously stated that the company will continue to buy Bitcoin at peak prices throughout the asset's lifecycle.

The entrepreneur told Yahoo Finance: “I’m sure I’ll keep buying Bitcoin at $1 million per coin; probably $1 billion daily in Bitcoin at $1 million per coin.”

Source: https://es.cointelegraph.com/news/micro-strategy-bitcoin-purchases-surpass-2021-bull-market$BTC