Microstrategy Acquires More Bitcoin, Raising Total Holdings to 189,150 BTC

Nasdaq-listed Microstrategy has bought 14,620 much bitcoin for astir $615.7 million. The latest acquisition raised the company’s cryptocurrency holdings to 189,150 bitcoin, acquired for astir $5.9 cardinal astatine an mean terms of $31,168 per coin. Microstrategy’s enforcement chairman, Michael Saylor, believes that spot bitcoin exchange-traded funds (ETFs) “may beryllium the biggest improvement connected Wall Street successful the past 30 years.”

Microstrategy Now Holds 189,150 Bitcoin

Software quality steadfast Microstrategy (Nasdaq: MSTR) announced Wednesday that it has acquired much bitcoin. The firm’s enforcement chairman, Michael Saylor, disclosed connected societal media level X Wednesday:

Microstrategy has acquired an further 14,620 BTC for ~$615.7 cardinal astatine an mean terms of $42,110 per bitcoin. As of 12/26/23, Microstrategy present hodls 189,150 BTC acquired for ~$5.9 cardinal astatine an mean terms of $31,168 per bitcoin.

According to the company’s filing with the U.S. Securities and Exchange Commission (SEC), the further coins were acquired during the play betwixt Nov. 30 and Dec. 26.

Saylor shared connected Dec. 17 that since his institution adopted the bitcoin strategy connected August 10, 2020, the terms of BTC has surged by 253%. In contrast, the S&P 500 saw a humble summation of 40%, and the Nasdaq roseate by 35%. Notably, golden remained stagnant successful presumption of terms during this period, portion metallic experienced a diminution of 14%, and bonds plummeted by 18%.

The Microstrategy enforcement president antecedently explained that his company’s bitcoin strategy “seeks to maximize semipermanent value” for shareholders. He sees BTC arsenic “a dependable store of worth and an charismatic concern plus with much semipermanent appreciation imaginable than holding cash.”

Moreover, Saylor precocious stated that Bitcoin “represents the integer translation of superior and everyone is opening to recognize that they are underallocated.” He said past week that spot bitcoin exchange-traded funds (ETFs) “may beryllium the biggest improvement connected Wall Street successful the past 30 years.” The SEC is presently evaluating 13 spot bitcoin ETF applications and the marketplace expects the securities regulator to o.k. aggregate of them by Jan. 10.

What bash you deliberation astir Microstrategy buying much bitcoin and present holding 189,150 BTC? Let america cognize successful the comments conception below.