Bitcoin

Million

<a href="https://bitcoinworld.co.in/microstrategy-buys-nearly-12k-bitcoin-btc-with-about-800-million/" title="MicroStrategy Buys Nearly 12K Bitcoin (BTC) With About $800 Million" rel="noopener noreferrer nofollow"></a>
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 <li style="font-weight: 400">The largest corporate holder of BTC, MicroStrategy, just added around $800 million worth of the token to its balance sheet.</li>
</ul>
<a href="https://bitcoinworld.co.in/michael-saylors-microstrategy-to-raise-500m-to-buy-more-bitcoin/" rel="noopener noreferrer nofollow">MicroStrategy</a> has purchased another 11,931 BTC for about $786M at an average price of $65,883.
Total Holdings: This acquisition brings MicroStrategy’s total bitcoin holdings to 226,331 BTC, worth roughly $14.9B.
Historical Cost: The company’s total BTC purchases cost around $8.33B, with an average price of $36,798 per bitcoin, including fees and expenses.
Recent Fundraising: This latest purchase follows the completion of an $800M financing round, which was used to fund the acquisition.
Stock Performance: MicroStrategy’s share price increased by 2.4% in pre-market trading Thursday morning, up 112% year-to-date.
Market Position: As of the latest close, MicroStrategy’s market capitalization was $26.06 billion, with an enterprise value of $29.6B.
<h3 id="span-style-font-weight-400-bankless-take-span">Bankless Take</h3>
MicroStrategy continues to double down on its Bitcoin strategy, leading the corporate world in building its BTC portfolio, which <a href="https://bitcointreasuries.net/?ref=bankless.ghost.io" rel="noopener noreferrer nofollow">accounts</a> for 1% of the total Bitcoin supply.&nbsp;
Given its historical average purchase price and stock performance, this strategy looks to be paying off.&nbsp;
Starting in 2020, Saylor’s shopping spree has paved the way for other companies to follow suit, most recently Semler Scientific, a medical technology company, which holds about $53M of Bitcoin with intentions to buy more.&nbsp;
While such corporate purchases may raise concerns about Bitcoin’s centralization, it can also be likened to countries hoarding gold.

MicroStrategy Buys Nearly 12K Bitcoin (BTC) With About $800 Million

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