MicroStrategyBitcoin (BTC) $104,723.9 continues to increase its investments. The company recently announced that it purchased 15 thousand 350 more BTC for 1.5 billion dollars. With this new purchase, the total Bitcoin portfolio reached 439 thousand BTC. The purchases were made at an average unit price of 100 thousand 386 dollars.
Total Bitcoin Investment Increased to 27.1 Billion Dollars with New Purchase
MicroStrategy has spent a total of $27.1 billion on Bitcoin purchases to date. Company, Bitcoin reported the average cost per head as 61 thousand 725 dollars.
As of December 15, 2024, MicroStrategy’s total Bitcoin portfolio is one of the largest cryptocurrency reserves in the world in terms of market value. The company states that it is satisfied with the financial performance of these investments. It was stated that the portfolio return throughout 2024 was 46.4 percent on a quarterly basis and 72.4 percent on an annual basis.
MicroStrategy Stays True to Bitcoin Strategy
MicroStrategy sees Bitcoin as a long-term store of value. Founder and chairman of the company Michael Saylorargues that Bitcoin will protect against future economic fluctuations. Saylor emphasizes that the Bitcoin strategies they adopt at almost every opportunity further strengthen the company’s financial position. Your purchases Bitcoin marketIt is stated that it will continue despite the fluctuations in the
With all this, MicroStrategy’s Bitcoin investments are closely followed in the markets. The company has been on the agenda with its regular BTC purchases since 2020, and this strategy seems to be working for now, as the company continues to deliver striking returns in its financial reports.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
