Bitcoin

MicroStrategy, the business intelligence company known for its aggressive Bitcoin (BTC) acquisitions, has further cemented its position as a leading corporate holder of the cryptocurrency. 
On December 27, 2023, the company <a href="https://www.microstrategy.com/en/investor-relations/financial-documents/microstrategy-acquires-additional-14620-btc-and-now-holds-189150-btc_12-27-2023" rel="nofollow noopener" target="_blank">announced</a> the purchase of an additional 14,620 BTC for approximately $615.7 million, bringing its total Bitcoin holdings to a staggering 189,150 BTC. 
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"> 
 MicroStrategy has acquired an additional 14,620 BTC for ~$615.7 million at an average price of $42,110 per <a href="https://twitter.com/hashtag/bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">#bitcoin</a>. As of 12/26/23, <a href="https://twitter.com/MicroStrategy?ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">@MicroStrategy</a> now hodls 189,150 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">$BTC</a> acquired for ~$5.9 billion at an average price of $31,168 per bitcoin. <a href="https://twitter.com/search?q=%24MSTR&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">$MSTR</a> <a href="https://t.co/PKfYY59sTW" rel="nofollow" target="_blank">https://t.co/PKfYY59sTW</a> 
 — Michael Saylor<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/26a1.png" alt="⚡" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@saylor) <a href="https://twitter.com/saylor/status/1739995636953485547?ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">December 27, 2023</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
This latest purchase comes amidst a continued bull run for <a href="https://crypto.ro/en/bitcoin/">Bitcoin</a>, with the price hovering around $42,110 at the time of acquisition. 
However, MicroStrategy’s CEO, Michael Saylor, remains unfazed by the short-term price fluctuations. He has repeatedly expressed his unwavering conviction in Bitcoin’s long-term potential, viewing it as a superior store of value compared to traditional assets like fiat currencies. 
<h3 class="" data-sourcepos="13:1-13:36" id="doubling-down-on-the-orange-pill">Doubling down on the orange pill</h3> 
MicroStrategy’s latest acquisition further solidifies its position as one of the largest corporate holders of Bitcoin, alongside companies like Tesla and Coinbase. 
The company’s average purchase price per BTC now sits at $31,168, significantly lower than the current market price. This suggests that MicroStrategy is well-positioned to benefit from a potential future price appreciation of Bitcoin. 
Saylor’s unwavering commitment to Bitcoin has earned him the moniker “Bitcoin maximalist” within the cryptocurrency community. His actions have inspired other corporations and individuals to consider Bitcoin as a viable investment option. 
With MicroStrategy’s latest move, the conversation around Bitcoin’s role as a digital asset and potential hedge against inflation is sure to continue.

MicroStrategy doubles down on Bitcoin, acquires $615M worth of BTC

Table of Contents

crypto.ro global

Other articles published on Dec 27, 2023

How high will SHIB go in 2024? Experts SHIB price predictions

Crypto Regulations Allow Freezing and Confiscation of Suspected Crime-Linked Assets in EU

Elevating Fan Engagement in Web3 Using AI, AR, and Mobile-led Experiences on wowTalkies

DOGE Coin: Whales Transferred 1 Billion Coins on Tuesday

Lower Levels, Higher Hopes: BITCOIN Bulls Prepare for a Rally

Hong Kong Solicits Comment on New Stablecoin Legislation

Join our free newsletter for daily crypto updates!