Fast Take
MicroStrategy’s latest Bitcoin buy for $615 million marks a major stride within the firm’s Bitcoin accumulation.
This latest acquisition, which outstrips its earlier purchase in November, valued at $593 million, ranks as MicroStrategy’s third-largest Bitcoin buy so far. With this procurement, the corporate added a formidable 14,620 Bitcoin to its holdings.
Nonetheless, this newest buy falls quick in comparison with the corporate’s second-largest order, which was executed in December 2020 and added practically 30,000 Bitcoin to its portfolio for the same buy quantity. Bitcoin was buying and selling roughly at $25,000 on the time.
| Buy Date | Bitcoins Bought | Quantity (USD) |
|---|---|---|
| 2021-02-24 | 19,452 | $1,026,000,000 |
| 2020-12-21 | 29,646 | $650,000,000 |
| 2023-12-26 | 14,620 | $615,700,000 |
| 2023-11-30 | 16,130 | $593,300,000 |
| 2021-09-13 | 8,957 | $419,000,000 |
| 2021-11-28 | 7,002 | $414,000,000 |
The results of its accumulation technique is that MicroStrategy now holds a complete of 189,150 Bitcoin, which equates to an possession of roughly 0.9% of your complete Bitcoin provide, leaving the agency simply 0.1% shy of commanding a full 1% of the whole accessible provide.
This brings the corporate’s holdings nearer to that of the U.S. authorities, which reportedly holds round 210,000 Bitcoin. It seems MicroStrategy has its sights set on reaching this 1% mark, a major milestone on the earth of Bitcoin holdings.
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