MicroStrategy Goes All In: Another $1 Billion Bitcoin Acquisition!

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MicroStrategy Announces Another Billion Dollar Bitcoin Purchase
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Michael Saylor, the creator and previous CEO of MicroStrategy, disclosed the firm’s latest significant procurement of BTC.

The organization has remained unwavering over the last few months in announcing new bitcoin acquisitions on the initial business day of every week.

The NASDAQ-listed software behemoth, which is also the globe’s largest corporate possessor of the premier cryptocurrency, has invested $1.1 billion in its latest acquisition to gather 10,107 BTC. The mean price was $105,596 per bitcoin.

Its total reserve has expanded to 471,107 BTC, purchased for $30.4 billion (at an average price of $64,511 per BTC).

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Despite today’s downturn, that reserve is currently appraised at over $46.6 billion, placing MicroStrategy’s unrealized profits at significantly more than $15 billion.

The firm has announced new BTC acquisitions weekly for several months and has often outlined strategies to procure additional funding to direct towards bitcoin.

Curiously, most prior announcements on Monday (or Tuesday, as was the case last week) were succeeded by BTC price declines. However, at this point, the asset had already fallen by $7,000 since this morning, and it would be fascinating to monitor its price movements throughout the day.

 

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