[MicroStrategy announces large-scale purchase of Bitcoin (BTC)]
MicroStrategy recently announced the purchase of an additional 14,620 Bitcoins for approximately $615.7 million. The average price per Bitcoin for this purchase, including fees and expenses, was approximately $42,110. The transaction was completed between November 30 and December 26 through MicroStrategy and its subsidiaries.
This new investment brings MicroStrategy’s total Bitcoin holdings to approximately 189,150 Bitcoins, with a total investment cost of approximately $5.895 billion, or an average cost per Bitcoin of approximately $31,168.
This is another large-scale investment after MicroStrategy announced the purchase of 16,130 Bitcoins in November 2023, with a total value of approximately $593.3 million.
In an interview with Bloomberg, Michael Saylor, executive chairman and co-founder of MicroStrategy, said that even the launch of a U.S. Bitcoin ETF would not diminish MicroStrategy’s appeal to investors. Saylor emphasized that MicroStrategy offers a no-fee, leveraged investment path for investors who are bullish on Bitcoin compared to upcoming ETFs. He also mentioned that in addition to directly holding Bitcoin, the company also uses financial strategies such as zero-interest loans to strengthen its Bitcoin investment strategy.
