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<p>On September 13, Lookonchain reported that <a href="https://www.microstrategy.com/company" target="_blank" rel="noopener noreferrer nofollow">MicroStrategy</a> had purchased an additional 18,300 BTC for approximately $1.11 billion, with the transactions occurring between August 6 and September 12.&nbsp;</p>
<p>This latest acquisition brought MicroStrategy’s total Bitcoin holdings to 244,800 BTC, valued at around $14.15 billion. The average purchase price for these holdings was noted to be $38,585, resulting in an estimated profit of about $4.71 billion at that time.</p>
<p><strong><em>Read Also:<a href="https://captainaltcoin.com/heres-why-bitcoin-btc-price-didnt-skyrocket-following-fed-interest-rate-cut/" target="_blank" rel="noopener noreferrer nofollow"> Here’s Why Bitcoin (BTC) Price Didn’t Skyrocket Following Fed Interest Rate Cut&nbsp;</a></em></strong></p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="777" height="1024" src="https://captainaltcoin.com/wp-content/uploads/2024/09/image-374-777x1024.png" alt="" class="wp-image-557162" srcset="https://captainaltcoin.com/wp-content/uploads/2024/09/image-374-777x1024.png 777w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-374-228x300.png 228w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-374-767x1012.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-374-1165x1536.png 1165w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-374-1553x2048.png 1553w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-374-114x150.png 114w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-374-100x132.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-374-265x350.png 265w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-374-788x1039.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-374.png 910w" sizes="(max-width: 777px) 100vw, 777px">
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<p>Today, <a href="https://x.com/lookonchain/status/1837120898878308661" target="_blank" rel="noopener noreferrer nofollow">Lookonchain revealed</a> that MicroStrategy made another significant investment, acquiring 7,420 BTC for roughly $458.2 million at a price of $61,750.&nbsp;</p>
<p>This recent buying spree increased their total Bitcoin holdings to 252,220 BTC, now valued at approximately $15.85 billion. With the average acquisition cost rising to $39,266, their profits surged to an estimated $5.95 billion based on current Bitcoin prices.</p>
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<p>The post <a href="https://captainaltcoin.com/microstrategy-goes-on-a-massive-bitcoin-buying-spree-heres-their-profit-at-current-btc-price/" rel="noopener noreferrer nofollow">MicroStrategy Goes On a Massive Bitcoin Buying Spree – Here’s Their Profit At Current BTC Price</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

MicroStrategy Goes On a Massive Bitcoin Buying Spree – Here’s Their Profit At Current BTC Price

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