#MicroStrategyAcquiresBTC
MicroStrategy Acquires 21,550 BTC: A Bold Step Toward Crypto Dominance
MicroStrategy, led by Michael Saylor, has once again made waves in the crypto space! Between December 2 and December 8, 2024, the company purchased 21,550 Bitcoin for $2.1 billion, averaging $98,800 per coin. This massive buy has pushed their total Bitcoin holdings to an astonishing 423,650 BTC, worth approximately $42 billion, accounting for over 2% of Bitcoin’s total supply.
This strategic move solidifies MicroStrategy’s position as the largest corporate Bitcoin holder and highlights their unwavering confidence in Bitcoin as the ultimate store of value. With plans to expand further, this acquisition marks another milestone in their aggressive $42 billion Bitcoin strategy.
Key Takeaways:
Total BTC Holdings: 423,650 BTC (~$42 billion)
Latest Purchase: 21,550 BTC (~$2.1 billion)
Acquisition Strategy: Funded by $15 billion in equity and debt financing
MicroStrategy’s bold moves continue to inspire institutions worldwide to embrace Bitcoin as part of their portfolios.
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Stay tuned for more updates and insights into the world of cryptocurrency!