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<ul> 
 <li>While the Bitcoin (BTC) price managed to keep its losses at $43,000 today, major players are making the most of this downturn.</li> 
 <li>In a recent announcement, MicroStrategy’s CEO, Michael Saylor, revealed that the company had purchased an additional 14,620 BTC worth approximately $615.7 million.</li> 
 <li>As the Bitcoin price has risen by 160% since the beginning of the year, MSTR shares have recorded a 316% increase since the start of 2023. On December 27th, MSTR shares ended the day with a gain of over 11%.</li> 
</ul> 
<p><strong>MicroStrategy’s Increasing Bitcoin Purchases Give Momentum to MSTR Shares: MSTR Performance!</strong></p> 
<h2 id="strong-microstrategy-s-bitcoin-purchases-on-the-rise-strong"><strong>MicroStrategy’s Bitcoin Purchases on the Rise</strong></h2> 
<p><img loading="lazy" decoding="async" class="alignnone size-full wp-image-127930" src="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/michael-saylor-bitcoin.webp?resize=696%2C392&amp;quality=70&amp;ssl=1" alt="michael-saylor-bitcoin" width="696" height="392" srcset="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/michael-saylor-bitcoin.webp?w=1280&amp;quality=70&amp;ssl=1 1280w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/michael-saylor-bitcoin.webp?resize=300%2C169&amp;quality=70&amp;ssl=1 300w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/michael-saylor-bitcoin.webp?resize=1024%2C576&amp;quality=70&amp;ssl=1 1024w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/michael-saylor-bitcoin.webp?resize=768%2C432&amp;quality=70&amp;ssl=1 768w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/michael-saylor-bitcoin.webp?resize=150%2C84&amp;quality=70&amp;ssl=1 150w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/michael-saylor-bitcoin.webp?resize=696%2C392&amp;quality=70&amp;ssl=1 696w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/michael-saylor-bitcoin.webp?resize=1068%2C601&amp;quality=70&amp;ssl=1 1068w" sizes="(max-width: 696px) 100vw, 696px" data-recalc-dims="1"></p> 
<p>While the Bitcoin (BTC) price managed to keep its losses at $43,000 today, major players are making the most of this downturn. In a recent announcement, MicroStrategy’s CEO, Michael Saylor, revealed that the company had purchased an additional 14,620 BTC worth approximately $615.7 million. The average purchase price per Bitcoin was $42,110. As of December 26, 2023, MicroStrategy’s total Bitcoin holdings reached 189,150 BTC, costing approximately $5.9 billion.</p> 
<p>The average cost per Bitcoin in this extensive portfolio is $31,168. This move reaffirms MicroStrategy’s commitment to viewing Bitcoin as a strategic part of its treasury. It is the first significant purchase from MicroStrategy following last month’s acquisition of 155 BTC. The company continues to hold its position as the largest private company with the most Bitcoin on its balance sheet.</p> 
<p>MicroStrategy shares (NASDAQ: MSTR) have gained twice as fast as Bitcoin gains in 2023. While the Bitcoin price has risen by 160% since the beginning of the year, MSTR shares have recorded a 316% increase since the start of 2023. On December 27th, MSTR shares ended the day with a gain of over 11%.</p> 
<p>The crypto community is anticipating the launch of the first spot Bitcoin ETF in the U.S., tentatively scheduled to happen within the next two weeks by January 10. When asked about the potential negative impact of the ETF launch on MSTR, Saylor stated that MicroStrategy is in a unique position as a business company that does not use leverage like ETFs and charges fees.</p> 
<p>Saylor emphasized MicroStrategy’s ability to generate additional BTC through profit and loss (P&amp;L) or capital market operations. Using an analogy, Saylor likened MicroStrategy to an airline, saying it is in a unique position compared to ETFs. Essentially, he claimed that MicroStrategy provides higher performance and leverage without additional fees.</p> 
<h2 id="strong-is-btc-heading-for-50-000-strong"><strong>Is BTC Heading for $50,000?</strong></h2> 
<p>The Bitcoin price rebounded to $43,000 as of the press time after a significant afternoon drop today. Currently, Bitcoin is oscillating within a narrow range of $42,000 to $44,000. If it breaks its upper resistance, the BTC price could make a move towards the $47,000 to $50,000 region.</p> 
<p>The post <a rel="nofollow" href="https://en.coinotag.com/microstrategys-bitcoin-purchases-boost-mstr-stocks/">MicroStrategy’s Bitcoin Purchases Boost MSTR Stocks!</a> appeared first on <a rel="nofollow" href="https://en.coinotag.com">COINOTAG NEWS</a>.</p> 
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MicroStrategy’s Bitcoin Purchases Boost MSTR Stocks!

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