MicroStrategy’s Monday Streak Continues With 5,262 BTC Purchase
MicroStrategy has extended its Monday bitcoin acquisition streak with another purchase announced by co-founder Michael Saylor minutes ago.
This time, the company was slightly more modest by allocating less than a billion to acquire 5,262 BTC.
MicroStrategy has acquired 5,262 BTC for ~$561 million at ~$106,662 per bitcoin and has achieved BTC Yield of 47.4% QTD and 73.7% YTD. As of 12/22/2024, we hodl 444,262 $BTC acquired for ~$27.7 billion at ~$62,257 per bitcoin. $MSTR https://t.co/asDGerBV7q
— Michael Saylor⚡️ (@saylor) December 23, 2024
The previous MicroStrategy purchases, all of which were announced on Mondays, were significantly more valuable in terms of the greenback. In fact, they were all worth over $1 billion.
With today’s announcement of 5,262 BTC purchased at an average price of $106,662, the company’s stash grew to 444,262. This means that the bigger portion of the BTC was purchased before Wednesday as the asset’s price started to retrace since then and has been below $100,000 ever since Thursday.
MicroStrategy has spent $27.7 billion to acquire its bitcoin fortune, whose value now has skyrocketed $42.6 billion as of today’s prices, despite BTC’s correction.
MicroStrategy’s stock prices have shot up by over 400% in the past year and are worth $364 as of press time. MSTR achieved another massive milestone today as the shares will enter the Nasdaq 100.
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