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MicroStrategy, the enterprise intelligence firm identified for its aggressive Bitcoin (BTC) purchases, has struck once more. On December 26, 2023, the corporate introduced it had acquired a further 14,620 BTC for $615.7 million in money, at a median worth of $42,110.
This newest buy brings MicroStrategy’s complete Bitcoin holdings to a whopping 189,150 BTC, acquired at an approximate price of $5.9 billion and a median worth of $31,168 per Bitcoin. MicroStrategy’s CEO, Michael Saylor, has been a vocal proponent of Bitcoin for years, and the corporate’s funding technique displays this unwavering perception.
Saylor’s conviction in Bitcoin’s long-term potential stays unshaken, regardless of the cryptocurrency’s latest worth volatility. In a press release accompanying the announcement, Saylor famous, “We imagine that Bitcoin is the world’s most beneficial asset class and that it’s going to proceed to understand considerably over time.”
MicroStrategy’s newest buy is a transparent sign of the corporate’s confidence in Bitcoin’s future. It additionally highlights the rising institutional curiosity in cryptocurrency, as increasingly firms are starting to see Bitcoin as a invaluable hedge towards inflation and a retailer of worth.
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