Microstrategy, a company committed to Bitcoin, has acquired another 27,200 Bitcoins worth $2.03 Billion. Michael Saylor, CEO of the company has confirmed this. took to X (formerly Twitter) The firm announced the acquisition and the continued expansion of its BTC acquisition strategies.
Bitcoin experienced an unprecedented rise over the weekend. The leading cryptocurrency has indeed soared to an all-time $82,000 high. This is the third consecutive time the asset set a record in just 2024. It is not likely to be the only time the asset’s price will rise.
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MicroStrategy buys $2B worth of Bitcoins as BTC investment continues to pay off big
Bitcoin has made 2024 the year of importance. In the United States it was the first ETF based on crypto currency. It has also set many price records in the last 10 months. Donald Trump was elected as the first US president who supported crypto in the election of 2024.
Michael Saylor was one of Bitcon’s biggest supporters even before 2024’s success. It is still reaching new records in price. Saylor’s MicroStrategy The company has not stopped purchasing, and has purchased an additional $2 billion of Bitcoins to begin the week.
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The BTC assets of the Business Intelligence company have now exceeded $20 billion. This happened as soon as BTC reached $80,000 for the first price in this month. Additionally, Saylor Tracker This shows the 104% investment return that has been achieved by the Bitcoin strategy of this company.
According to data, the company bought Bitcoin 42 times for an average of $39 292. This is impressive considering how much the most popular cryptocurrency currently costs. The value is expected to only increase. In fact, there are some who speculate. BTC could exceed $100,000 Before Trump even takes office as president in 2025.
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Source: watcher.guru
