Michael Saylor, MicroStrategy’s BTC champion, has announced another massive bitcoin purchase from the company he co-founded, which is actually the first with the asset’s price above $100,000.
Interestingly, Peter Schiff was quick to intercept the announcement with another criticism against Saylor, his company, and BTC.
MicroStrategy has acquired 15,350 BTC for ~$1.5 billion at ~$100,386 per #bitcoin and has achieved BTC Yield of 46.4% QTD and 72.4% YTD. As of 12/15/2024, we hodl 439,000 $BTC acquired for ~$27.1 billion at ~$61,725 per bitcoin. $MSTR https://t.co/SaWLNBVkrl
— Michael Saylor (@saylor) December 16, 2024
As Saylor’s post reads, the NASDAQ-listed giant spent roughly $1.5 billion to acquire 15,350 BTC at an average price of $103,386. The firm’s total stash has grown to 439,000 BTC, valued at well above $44 billion at current prices, while it spent $27.1 billion to acquire it.
MicroStrategy’s BTC yield has grown to 46.4% in the past quarter alone, with the number standing above 72% for the entire year.
Thus, the company has continued a recent tradition that started several weeks ago: announcing massive purchases worth over $1 billion on Monday.
Another thing that didn’t change this week is the vocal criticism of well-known bitcoin hater – Peter Schiff. The gold bug commented under Saylor’s post that BTC’s price will plunge once the firm stops buying.
“Just as I suspected. Imagine how much lower the Bitcoin price will fall when you stop buying. Then imagine how much lower it will go when creditors force you to sell.”
The post MicroStrategy Announces First Bitcoin Purchase With BTC Prices Above $100K appeared first on CryptoPotato.
