News - MicroStrategy buys more Bitcoin for $2.1 billion
Michael Saylor strikes again. His company MicroStrategy now owns about 423,000 Bitcoin.
MicroStrategy has made another major purchase: for about $2.1 billion, the company founded by Michael Saylor recently bought an additional 21,550 BTC. With this, the software company now owns a total of 423,000 BTC, purchased at a total cost of about $25 billion. That works out to an average price of $58,500 per Bitcoin.
MicroStrategy has acquired 21,550 BTC for ~$2.1 billion at ~$98,783 per #bitcoin and has achieved BTC Yield of 43.2% QTD and 68.7% YTD. As of 12/8/2024, we hodl 423,650 $BTC acquired for ~$25.6 billion at ~$60,324 per bitcoin. $MSTR https://t.co/8r7bFqMFof
— Michael Saylor⚡️ (@saylor) December 9, 2024
Recently, Michael Saylor gave a presentation to the board of Microsoft, aiming to get this tech giant too excited about investing in the leading crypto currency.
Last week, MicroStrategy already bought Bitcoin worth about $1.5 billion.
On Oct. 30, 2024, the company announced its so-called 21/21 plan. The plan is to invest a total of $42 billion to acquire even more Bitcoin in the coming years.
The current rally in the crypto market, and Bitcoin specifically, has caused MicroStrategy's stock to break all records this year. Since the beginning of the year, the stock is up a whopping 517 percent. Currently, MSTR is trading for about $400.