Michael Saylor announced that his business intelligence firm acquired 21,550 BTC for the company’s reserve fund.
Microstrategy is a business intelligence firm. Under the leadership of Michael Saylor, co-founder & former CEO of MicroStrategy, this company has been buying Bitcoin continuously intending to make Microstrategy a Bitcoin millionaire company.
On 9 Dec 2024, Michael Saylor announced the acquisition of 21,550 BTC for nearly $2.1 billion at a trade price of $98,783 per BTC.With this new purchase, Microstrategy is now holding a net of 423,650 $BTC.
MicroStrategy has acquired 21,550 BTC for ~$2.1 billion at ~$98,783 per #bitcoin and has achieved BTC Yield of 43.2% QTD and 68.7% YTD. As of 12/8/2024, we hodl 423,650 $BTC acquired for ~$25.6 billion at ~$60,324 per bitcoin. $MSTR https://t.co/8r7bFqMFof
— Michael Saylor⚡️ (@saylor) December 9, 2024
With this holding, Microstrategy has an unrealised gain of $16.4 billion. The company spent an average of $60,324 per bitcoin to acquire 423,650 BTC.
Increasing Bitcoin buy efforts & unrealised holding profit creating FOMO among the big players to buy Microstrategy ($MSTR) stocks. For example, today, Abel Hall LLC purchased 1,382 Shares of MicroStrategy.
BlackRock holds 2.5% Bitcoin supply
The world’s top fund manager currently holds 500,000 BTC on behalf of the Bitcoin spot ETF (IBIT) buyers. This amount of Bitcoin is nearly equal to 2.5% supply of the total supply of Bitcoin.
#BlackRock's $IBIT #Bitcoin holdings are now over 500,000 $BTC 👀That's almost 2,5% of the total supply! pic.twitter.com/qQ9iogGp1d
— Crypto Rand (@crypto_rand) December 8, 2024
In a “Digital Assets conference” Brazil 2024, BlackRock leadership said that the adoption speed of Bitcoin & blockchain technology has been faster over the internet and cellphones.
⚡️ BLACKROCK: “Blockchain and digital assets are being adopted faster than major revolutions before it, like the internet and cellphones.”We’re still so early 🔥 pic.twitter.com/lnoOR0vQtu
— Cointelegraph (@Cointelegraph) December 8, 2024
Big companies to buy Bitcoin
As per speculations, amid the increasing fomo around Bitcoin, the world’s top companies like Apple, Microsoft, and Google may show an inclination toward Bitcoin investment. However, so far, no CEO of such big companies has shown intention to adopt this innovative sector.
Apple, Google, Amazon, Microsoft and these 10 companies hold $811 BILLION in cash. ZERO #Bitcoin Every year cash loses purchasing power. They should buy a little ₿itcoin. "…in case it catches on". 😉 pic.twitter.com/f6UfpAom1B
— Bitcoin Archive (@BTC_Archive) December 8, 2024
Read also: Amazon shareholders demand Amazon to buy Bitcoin (BTC)
