2024

Bitcoin

Hoard

Billion

Gains

<p>MicroStrategy (MSTR) has bought the dip, adding to its Bitcoin hoard for the seventh consecutive week as it fortifies its position as the largest corporate holder of the leading cryptocurrency.</p> 
<p>The firm bought 5,262 BTC for $561 million last week, bringing its overall hoard of the digital currency to 444,262 BTC.</p> 
<p>The latest news comes as <a href="https://insidebitcoins.com/news/bitcoin-price-prediction-as-microstrategy-buys-the-dip-with-2-1b-btc-purchase-investors-flock-to-this-new-wallet-token-for-its-909-staking-apy">MicroStrategy</a> starts its first full day of trading as a member of the Nasdaq 100 equity index. In pre-market trading, the stock price was steady above $364.2.</p> 
<p>Executive chairman Michael Saylor said the latest Bitcoin acquisition was at an average price of $106,622 per bitcoin. At today’s market price, the company’s total hoard of Bitcoin is now worth about $42.2 billion, which lifts its overall average purchase price to $62,257 per bitcoin</p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">🚨 BREAKING 🚨</p> 
 <p>MICROSTRATEGY BOUGHT 5,262 <br>BTC WORTH $561 MILLION WHILE <br>EVERYONE WAS PANIC SELLING.</p> 
 <p>IT NOW HOLDS 444,262 BITCOIN<br>WORTH $42.7 BILLION 🔥 <a href="https://t.co/RLQuG4Khco">pic.twitter.com/RLQuG4Khco</a></p> 
 <p>— Ash Crypto (@Ashcryptoreal) <a href="https://twitter.com/Ashcryptoreal/status/1871183229799285007?ref_src=twsrc%5Etfw">December 23, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<h2 id="microstrategy-uses-7-08-billion-program-to-buy-bitcoin">MicroStrategy Uses $7.08 Billion Program To Buy Bitcoin</h2> 
<p>The company paid for this latest buy by drawing on its at-the-market stock sales program, which has $7.08 billion in funds available. MicroStrategy’s practice of funding its <a href="https://www.coingecko.com/en/coins/bitcoin">Bitcoin</a> buys with equity sales is characteristic of the idiosyncratic strategy under which the company uses traditional markets to build up its cryptocurrency-denominated treasury.</p> 
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MicroStrategy Buys The Dip, Adds To Bitcoin Hoard For Seventh Straight Week

Daftar Isi

Inside Bitcoins

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