The popular American business intelligence firm purchased 15,400 new BTC despite the high trade prices of Bitcoin.
Microstrategy is a popular business intelligence firm that is popular in the crypto space for its high Bitcoin-holding funds. Since 2020, this company has been continuously buying Bitcoin under the leadership of Michael Saylor, co-founder & former CEO of MicroStrategy firm. Saylor always remains engaged in planning new ideas for Bitcoin buying & plans to use Bitcoin to increase the company’s passive income.
On 2 Dec 2024, Michael Saylor informed the crypto community that his company purchased 15,400 BTC for $1.5 billion at the trade price of $95,976/BTC and has secured nearly 38.7% yield QTD and 63.3% YTD.At the current date, this company holds a total of 402,100 $BTC acquired for ~$23.4 billion at ~$58,263 per bitcoin. $MSTR.
MicroStrategy has acquired 15,400 BTC for ~$1.5 billion at ~$95,976 per #bitcoin and has achieved BTC Yield of 38.7% QTD and 63.3% YTD. As of 12/2/2024, we hodl 402,100 $BTC acquired for ~$23.4 billion at ~$58,263 per bitcoin. $MSTR https://t.co/K3TK4msGp0
— Michael Saylor⚡️ (@saylor) December 2, 2024
So now, at the current trade price of Bitcoin, Microstrategy has a net unrealised profit of $14.78 billion.A day ago, Saylor hinted that his company was purchasing new Bitcoin to increase holdings. Now this company is holding 2% of the total Bitcoin supply.
Saylor wont stop buying #Bitcoin pic.twitter.com/Vm7OHM9k7T
— The ₿itcoin Therapist (@TheBTCTherapist) December 1, 2024
Saylor’s Bitcoin presentation for Microsoft
Today, Saylor shared a 3-minute video clip, which is a Bitcoin presentation for Microsoft leadership. Through the presentation, Saylor explained why it would be better for Microsoft to adopt Bitcoin.
My 3-minute presentation to the $MSFT Board of Directors and @SatyaNadella, articulating why the company should do the right thing and adopt #Bitcoin. pic.twitter.com/aHp91V9Slz
— Michael Saylor⚡️ (@saylor) December 1, 2024
Some Bitcoin enthusiasts claimed that Microsoft was probably going to be the next big institutional player to buy Bitcoin.
Microsoft is next. pic.twitter.com/qmynMlyzGu
— The ₿itcoin Therapist (@TheBTCTherapist) December 2, 2024
Bitcoin price action
The current trade price of Bitcoin is $95,660 & this price level is 2% down over the last 7 days period.
Current Bitcoin price is $95,635 pic.twitter.com/1FG6dZTEXX
— Bitcoinik (@Bitcoinikdotcom) December 2, 2024
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