Bitcoin

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<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/microstrategy-expands-bitcoin-holdings-with-new-purchase" data-wpel-link="internal" rel="noopener noreferrer nofollow">MicroStrategy Expands Bitcoin Holdings with New Purchase</a><br></p>
<p style="text-align: justify">MicroStrategy, a prominent name in institutional <a href="https://en.bitcoinhaber.net/jack-mallers-predicts-bitcoins-surge" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> investing, has bolstered its Bitcoin reserves with an additional purchase amounting to $458.2 million. This latest acquisition underlines the company’s relentless pursuit of cryptocurrency and adds substantial weight to its already massive Bitcoin portfolio.</p>
<h2 id="how-many-bitcoins-were-acquired-in-the-latest-purchase">How Many Bitcoins Were Acquired in the Latest Purchase?</h2>
<p style="text-align: justify">The company procured 7,420 Bitcoins at an average cost of $61,750 each. Michael Saylor, the founder and chairman, disclosed these details, highlighting the continued confidence in Bitcoin’s performance.</p>
<h2 id="what-is-the-current-status-of-microstrategy-s-bitcoin-holdings">What is the Current Status of MicroStrategy’s Bitcoin Holdings?</h2>
<p style="text-align: justify">MicroStrategy’s total Bitcoin holdings have now reached an impressive 252,220. The firm has invested approximately $9.9 billion in Bitcoin, securing these at an average price of $39,266. Presently, with Bitcoin trading at around $62,945, MicroStrategy’s Bitcoin value surpasses $15.8 billion.</p>
<p style="text-align: justify">– Bitcoin Return: 5.1% quarter-to-date, 17.8% year-to-date.</p>
<p style="text-align: justify">– Total Bitcoin acquired: 252,220.</p>
<p style="text-align: justify">– Total Bitcoin investment: $9.9 billion.</p>
<p style="text-align: justify">– Current Bitcoin holding value: Over $15.8 billion.</p>
<p style="text-align: justify">– Market Position: Largest institutional Bitcoin investor.</p>
<p style="text-align: justify">While Marathon Digital Holdings ranks second in terms of institutional Bitcoin ownership with 26,200 Bitcoins worth about $1.6 billion, it remains well behind MicroStrategy. The latter’s robust acquisition strategy has resulted in a significant boost in its stock prices, with shares surging over 360% within the past year.</p>
<p style="text-align: justify">MicroStrategy’s proactive moves, including a 10-for-1 stock split announced earlier this year, are designed to enhance accessibility for investors and employees. As Bitcoin’s price has rebounded approximately 20% since September 2024, MicroStrategy’s dedication to Bitcoin continues to captivate the cryptocurrency market. The company’s strategy is not only a testament to its faith in Bitcoin but also a significant influence on market dynamics.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/microstrategy-expands-bitcoin-holdings-with-new-purchase" data-wpel-link="internal" rel="noopener noreferrer nofollow">MicroStrategy Expands Bitcoin Holdings with New Purchase</a></h5>

MicroStrategy Expands Bitcoin Holdings with New Purchase

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