$CME Bitcoin - main 2410(BTCmain)$
MicroStrategy Buys More Bitcoin, Chairman Saylor Urges Microsoft To Do the Same
MicroStrategy (MSTR) bought another $1.5 billion worth of bitcoin (BTCUSD) last week, the company said Monday.
With this latest purchase of 15,400 bitcoins, MicroStrategy now holds 402,100 total, which is just under 2% of the 21 million total supply that will ever exist.
According to BitcoinTreasuries.net, MicroStrategy is the second-largest holder of bitcoin in the public markets behind BlackRock's iShares Bitcoin Trust (IBIT), which is a spot bitcoin exchange-traded fund (ETF).
MicroStrategy continued its bitcoin buying spree, with this latest stash acquired at an average purchase price of $95,976 per bitcoin. Company chairman Michael Saylor teased the announcement on X over the weekend.
MicroStrategy shares were down nearly 1% in recent trading Monday, though they have gained a whopping 500% year-to-date. Bitcoin was trading below $96,000 at the same time, down 1.4%
https://www.investopedia.com/microstrategy-buys-another-usd1-5-billion-of-bitcoin-8753702
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- Jim1995·12-03 13:57Impressive move by MicroStrategy! Holding that much Bitcoin could pay off big in the long run.LikeReport