#bitcoin What was the largest purchase in the history of Bitcoin and what profits were obtained
In 2020, MicroStrategy made a purchase of 29,646 bitcoins, valued at about $2.551 billion, becoming the largest transaction in the history of this cryptocurrency. According to Saylor himself, the decision to acquire large amounts of Bitcoin was conceived as a hedge against inflation, while also being a bet on the future of the cryptocurrency market.
MicroStrategy has been continuously acquiring Bitcoin since then, allocating increasingly greater resources to this digital asset, reaching the current figure of approximately 279,420 bitcoins, accumulated at an average purchase price of $42,692 per token.
MicroStrategy's positioning is unprecedented in the stock market. The company has followed a financing strategy that involves the sale of shares and convertible debt, allowing it to generate the necessary resources to fund its Bitcoin purchases. This business model and its massive accumulation of cryptocurrencies have made MicroStrategy the largest corporate holder of Bitcoin worldwide, only behind funds like those of BlackRock and Grayscale.