According to a post by MicroStrategy founder Michael Saylor on X community, the company announced on Monday that it purchased Bitcoin again, this time acquiring 5,262 BTC with a budget of less than $1 billion. This acquisition is more conservative compared to past large-scale purchases, with an average purchase price of $106,662 per coin, representing a dollar-cost averaging approach before the Bitcoin correction, which does not significantly impact the position.
MicroStrategy has acquired 5,262 BTC for ~$561 million at ~$106,662 per bitcoin and has achieved BTC Yield of 47.4% QTD and 73.7% YTD. As of 12/22/2024, we hodl 444,262 $BTC acquired for ~$27.7 billion at ~$62,257 per bitcoin. $MSTR https://t.co/asDGerBV7q
— Michael Saylor (@saylor) December 23, 2024
The company's current Bitcoin holdings have reached 444,262 BTC, most of which were purchased before the Bitcoin price correction. To date, MicroStrategy has spent a total of $27.7 billion to purchase Bitcoin, while its current value has increased to $42.6 billion, and even though the Bitcoin price has recently declined, the profits remain astonishing, with a cumulative increase of 54%.
Another Japanese company, Metaplanet, also expressed unwavering confidence, announcing this week through a press release that it purchased nearly 620 BTC, setting its largest single purchase record. This transaction was financed through the issuance of zero-coupon bonds, with approximately $60.6 million raised to invest in Bitcoin, bringing its total holdings to 1,762 BTC, with a total Bitcoin value of about $168 million, driving its stock price to continue climbing.
Statement: The article only represents the author's personal views and opinions, and does not represent the views and positions of BlockKe. All content and opinions are for reference only and do not constitute investment advice. Investors should make their own decisions and trades, and neither the author nor BlockKe will bear any responsibility for any direct or indirect losses resulting from investor trades.
"MICA Daily｜MicroStrategy once again purchased 5,262 bitcoins, unafraid of price corrections" was first published on (BlockKe).
