Bitcoin

<ul><li>MicroStrategy boosts Bitcoin portfolio with an additional 5,445 BTC purchase.</li><li>By investing about $147.3 million, the firm’s total Bitcoin investment has surpassed $4.68 billion.</li><li>The current Bitcoin market price keeps MicroStrategy’s holding value below investment.</li></ul>In a bold move, MicroStrategy, a prominent global tech firm, has taken the opportunity to enlarge its Bitcoin portfolio. The company recently <a href="https://www.microstrategy.com/en/investor-relations/financial-documents/microstrategy-acquires-additional-5445-bitcoins-and-now-holds-158245-btc_9-25-2023" rel="noopener noreferrer nofollow">confirmed</a> its acquisition of another 5,445 BTC. This purchase, costing approximately $147.3 million, was executed at an average rate of $27,053 per Bitcoin.Colin Wu, a renowned cryptocurrency journalist based in China, has recently shared his insights on the current situation surrounding MicroStrategy&#39;s Bitcoin investment.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/3ba231fef32e44759a904335a7004bcd.png" />Having established its reputation as the world’s leading corporate Bitcoin holder, MicroStrategy’s latest investment strategy reiterates its unwavering confidence in the cryptocurrency. This fresh acquisition has expanded the company’s BTC reserves to a staggering 158,245. To put it in perspective, the tech giant has now committed a total of $4.68 billion to this digital asset, with an average procurement price of $29,582 per Bitcoin.However, the market landscape paints a slightly challenging picture for the company. With the current trading price of Bitcoin wavering around the $26,000 mark, the value of MicroStrategy&#39;s entire Bitcoin possession is approximately $4.1 billion. This indicates that, on paper at least, the company&#39;s Bitcoin investment has not realized its full potential.MicroStrategy’s founder and the force behind its Bitcoin-centric approach, Michael Saylor, publicly <a href="https://twitter.com/saylor/status/1706278284651077714?ref_src&#61;twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1706278284651077714%7Ctwgr%5E8960d1203d3bc84e6d65b3efd541e41108d6cc4a%7Ctwcon%5Es1_&amp;ref_url&#61;https%3A%2F%2Fcryptopotato.com%2Fmicrostrategy-resumes-shopping-spree-by-buying-5445-more-btc%2F" rel="noopener noreferrer nofollow">shared </a>details of this new purchase. While the current scenario might suggest a downturn, it&#39;s essential to note that market prices are ever-evolving. Cryptocurrencies, in particular, have displayed high volatility over the years. MicroStrategy’s considerable bet on Bitcoin showcases their belief in the cryptocurrency’s long-term value proposition.Read full article <a href="https://cryptotale.org/microstrategy-continues-its-bitcoin-investment-adds-5445-btc-amid-market-decline/" rel="noopener noreferrer nofollow">at CryptoTale.</a>

MicroStrategy Continues Its Bitcoin Investment, Adds 5,445 BTC Amid Market Decline

CryptoTale

Other articles published on Sep 26, 2023

Trader Joe Sends Grant Proposal to Arbitrum

Huawei Leaves Viewers in the Dark About Mate 60 in Product Showcase

Bitboy Crypto Arrested Following Business Partner Confrontation!

Tether Alters Terms of Service in Singapore, Restricts USDT Redemption for Certain Customers

Three Reasons Why Bitcoin (BTC) Could Be About to Fall Back to $20,000

Bitcoin Ordinals creator Casey Rodarmor pitches BRC-20 alternative ‘Runes’

Join our free newsletter for daily crypto updates!