The company has taken another step to show its commitment towards Bitcoin. MicroStrategy BTC has been purchased for another $1.11 Billion. Michael Saylor, who leads the software intelligence firm, has indeed continued to support the acquisition of BTC.
Saylor, a long-time advocate of this asset class, has spoken out on many occasions. The company’s BTC collection is a clear example of this. According to reports, the company now holds 244,800 BTC, which was purchased for $9.4 Billion. post on X (formerly Twitter).
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Michael Saylor’s MicroStrategy Purchases 18,300 BTC
The year 2024 will be crucial for the crypto market. The financial sector has focused on Bitcoin. The first crypto-based ETF was launched in the United States. It reached its highest ever level in just three months.
The asset’s value is still immense and it has a long-term future. The currency’s most ardent defenders have now been proven correct. Michael Saylor is perhaps the only person who has been as vocal in his support of asset classes. This Bitcoin commitment has been reinforced by today’s announcement. MicroStrategy BTC was worth an additional $1.11 billion.
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It was announced that the company had purchased another 18,300 BTC. The firm paid $60,000 for every BTC. They also announced that they had a BTC return of 4.4% for the QTD period and 17.5% for the YTD. Total holdings now exceed $9 billion with an average purchase price per BTC of $38,585.
Saylor has been expressing his optimism about Bitcoin since last month. He predicted to CNBC that Bitcoin will reach $13 million in the next twenty years. He also predicted that the token will grow to capture 7 percent of global capital. The token will become a major player in the global financial system.
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Source: watcher.guru
