Bitcoin

<div class="coinjournal">
 <ul>
  <li>MicroStrategy acquires 14,620 BTC for $615.7M, pushing total holdings to 189,150 BTC at $5.9B.</li>
  <li>CEO Michael Saylor remains bullish on Bitcoin, considering it the world’s most valuable asset class.</li>
  <li>The company’s proactive crypto strategy aligns with growing institutional interest, eyes 1% of Bitcoin supply.</li>
 </ul>
 <p>MicroStrategy (NASDAQ: MSTR), the business intelligence giant led by CEO Michael Saylor, has reaffirmed its belief in the long-term potential of Bitcoin.</p>
 <p>In a recent disclosure to the Securities and Exchange Commission (SEC), <a rel="noopener noreferrer nofollow" title="MicroStrategy" href="https://thebittimes.com/tag/microstrategy.html">MicroStrategy</a> revealed the acquisition of 14,620 BTC between November 30, 2023, and December 26, 2023. This substantial <a rel="noopener noreferrer nofollow" title="purchase" href="https://thebittimes.com/tag/purchase.html">purchase</a> amounts to $615.7 million, at an average price per Bitcoin of $42,110.&nbsp;</p>
 <p>The recent <a rel="noopener noreferrer nofollow" title="purchase" href="https://thebittimes.com/tag/purchase.html">purchase</a> comes after the company <a rel="noopener noreferrer nofollow" title="purchase" href="https://thebittimes.com/tag/purchase.html">purchase</a>d another 5,445 bitcoins in September 2023.</p>
 <p>MicroStrategy’s total Bitcoin holdings have now reached an impressive 189,150 BTC, acquired at an approximate cost of $5.9 billion. This move places the company on the brink of owning 1% of the total Bitcoin supply. The valuation of MicroStrategy’s Bitcoin holdings represents about 0.7% of the entire market capitalization of the leading digital asset.</p>
 <h2 id="microstrategy-s-optimism-amidst-bitcoin-volatility">MicroStrategy’s optimism amidst Bitcoin volatility</h2>
 <p>Despite recent price fluctuations in the cryptocurrency market, <a rel="noopener noreferrer nofollow" title="MicroStrategy" href="https://thebittimes.com/tag/microstrategy.html">MicroStrategy</a> remains unwavering in its positive outlook on Bitcoin. Michael Saylor, a vocal advocate for Bitcoin, stated that he views the cryptocurrency as the currency of the future. This sentiment is reflected in <a rel="noopener noreferrer nofollow" title="MicroStrategy" href="https://thebittimes.com/tag/microstrategy.html">MicroStrategy</a>’s ongoing strategy of accumulating significant amounts of Bitcoin, seeing it as a strategic part of the company’s treasury reserve.</p>
 <p><a rel="noopener noreferrer nofollow" title="MicroStrategy" href="https://thebittimes.com/tag/microstrategy.html">MicroStrategy</a>’s proactive approach to cryptocurrency investments also aligns with the broader trend of growing institutional interest in digital assets. As Bitcoin continues to be seen as a valuable hedge against inflation and a store of value, companies like <a rel="noopener noreferrer nofollow" title="MicroStrategy" href="https://thebittimes.com/tag/microstrategy.html">MicroStrategy</a> are capitalizing on opportunities presented by the evolving landscape of the crypto market.</p>
 <p>The business intelligence giant’s recent $615 million Bitcoin <a rel="noopener noreferrer nofollow" title="purchase" href="https://thebittimes.com/tag/purchase.html">purchase</a> reaffirms its position as a major player in the crypto space. The company’s continued confidence in Bitcoin’s future potential is reflected in its strategic accumulation of digital assets, solidifying its standing as a significant holder in the ever-expanding world of cryptocurrencies.</p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/microstrategy-boosts-bitcoin-holdings-with-615m-purchase-eyes-1-of-supply-tbt74904.html">https://thebittimes.com/microstrategy-boosts-bitcoin-holdings-with-615m-purchase-eyes-1-of-supply-tbt74904.html</a></p>

MicroStrategy boosts Bitcoin holdings with $615M purchase, eyes 1% of supply

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