Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
JUST IN: MicroStrategy Acquires $1.5 Billion in Bitcoin

JUST IN: MicroStrategy Acquires $1.5 Billion in Bitcoin

CryptodnesCryptodnes2024/12/02 23:33
By:Cryptodnes

MicroStrategy has significantly bolstered its position as one of the largest corporate holders of Bitcoin, acquiring an additional 15,400 BTC at an average price of $95,976 per coin.

This recent purchase , amounting to approximately $1.5 billion, demonstrates the company’s unwavering commitment to its Bitcoin investment strategy.

The enterprise software firm now holds a staggering 402,100 BTC, acquired at a cumulative cost of $23.4 billion, averaging $58,263 per Bitcoin. The company’s strategic investment has yielded impressive results, with Bitcoin returns for the quarter-to-date (QTD) reaching 38.7% and year-to-date (YTD) gains standing at 63.3%.

This latest move follows two other major purchases in November – one for $4.6 billion and another for $5.4 billion .

READ MORE:
Expert Breaks Down Risks of MicroStrategy’s Bitcoin Investment Plan

Michael Saylor, MicroStrategy’s Executive Chairman, has been a vocal advocate for Bitcoin’s potential as a digital asset and hedge against inflation. The company’s bold approach has solidified its reputation as a pioneer among publicly traded firms embracing cryptocurrency as a key component of their treasury strategies.

MicroStrategy’s continuous accumulation of Bitcoin reflects confidence in the long-term prospects of the digital currency, even amidst market fluctuations. This recent move underscores the company’s role in shaping corporate adoption of Bitcoin as a major financial asset.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!