Michael Saylor, CEO of MicroStrategy, has continued the successful strategy by purchasing another $1.5 Billion worth Bitcoin. In fact, MicroStrategy’s CEO took to X (formerly Twitter) We are excited to announce the purchase of the 15,400 BTC latest by our company.
This move is made as November saw the biggest cryptocurrency experience unprecedented growth. Further, software intelligence has seen the benefits of its faith in bitcoin’s future. It could continue to benefit from its accumulation strategy as it looks to achieve six figures in the next year.
MicroStrategy has acquired 15,400 BTC for ~$1.5 billion at ~$95,976 per #bitcoin and has achieved BTC Yield of 38.7% QTD and 63.3% YTD. As of 12/2/2024, we hodl 402,100 $BTC acquired for ~$23.4 billion at ~$58,263 per bitcoin. $MSTR https://t.co/K3TK4msGp0
— Michael Saylor⚡️ (@saylor) December 2, 2024
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MicroStrategy purchases more bitcoin as its holdings exceed 402,000 BTC
Bitcoin has been the star of 2024. Bitcoin has enjoyed its most successful year in history. The asset’s popularity exploded in November when it won the presidential election for 2024. Donald Trump Markets were surging.
In just a couple of weeks, Bitcoin reached an all-time record price of $99,000. Some of its staunchest defenders are enjoying the fruit of their devotion. Despite this, many continue to bet big. Michael Saylor’s MicroStrategy is one of the most notable, having announced a $1.5 billion Bitcoin purchase.
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Its most recent purchase, worth $95,976/BTC, added 15,400 Bitcoins. Its total assets now amount to $23.4 billion. It is impressive that the company acquired the cryptocurrency at an average cost of $58,263.
MicroStrategy has benefited from the movement. Bitcoin’s rise has fuelled its year-to date 513% increase. The stock increased as high as 700% after the election of 2024. It’s interesting to note that Saylor is outperforming Bitcoin, which has seen a 117% increase in value this year. Saylor’s success has inspired other companies to adopt blockchain technology. their own BTC strategic reserve.
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Source: watcher.guru
