Adding $209 million worth of Bitcoin, MicroStrategy Maintains Bitcoin Buying Spree

MicroStrategy now owns 446,400 BTC in its Bitcoin portfolio, thanks to another acquisition. In the last two months, this is the seventh buy in a row.

The Bitcoin Saga at MicroStrategy Heightens
According to a press release from the corporation, the most recent acquisition included 2,138 BTC, which were purchased for $209 million, or an average of $97,837 per coin. As of this writing, MicroStrategy's Bitcoin yield for the quarter is 47.8% and the yield for the year is 74.1%.

At an average acquisition price of $62,428 per BTC, the company's cumulative investment in Bitcoin has reached $27.9 billion. As it has been doing since early November, MicroStrategy continued its buying frenzy last week, adding 5,262 BTC to its holdings for $516 million.

Also, as of this writing, it is still the biggest public business in terms of Bitcoin holdings. Supposedly, the company is arranging a shareholder meeting to deliberate on other acquisitions.

Stock of MicroStrategy has not risen in response to the news, even though the company has been aggressively buying Bitcoin. According to Nasdaq data, MSTR shares have dropped by almost 7% and were trading at about 305.69 on Monday, December 30.

However, due in part to the company's heavy exposure to Bitcoin, the stock has witnessed enormous increase so far this year, rising by more than 346%. The executive chairman of microStrategy, Michael Saylor, has also reaffirmed his positive prediction for bitcoin. Even though the company's 21-21 policy just went into force, he still plans to buy Bitcoin.

After Bitcoin's incredible surge to $108,000 earlier this month, Saylor predicts that the price will set a new all-time high, with BTC maintaining solidly above the $90,000 barrier. The price of Bitcoin in 2025 has been predicted by analysts to reach $250,000.

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