MicroStrategy Concludes 2023 with a Massive $615.7 Million Bitcoin Purchase
The business intelligence firm has capped off the year with the acquisition of an additional 14,620 Bitcoins, totaling approximately $615.7
The business intelligence firm has capped off the year with the acquisition of an additional 14,620 Bitcoins, totaling approximately $615.7
Michael Saylor highlights impact of upcoming Bitcoin ETFs coinciding with the April halving event.
According to S3 Partners, short sellers have incurred losses exceeding $6 billion in their attempts to bet against crypto stocks
With the latest BTC purchase, the number of Bitcoin owned by the company stands well above 170,000.
MSTR recently reclaimed the $500 level, while COIN trade well above $100.
BTC soared to $36K after the Fed paused interest rate hikes.
MicroStrategy's October bitcoin purchase brings the company's total BTC holdings to 158,400.
MicroStrategy is currently sitting at a paper profit of approximately $747 million due to BTC's price increase lately.
The company's total stash has grown to almost 160,000 BTC.
MicroStrategy, Coinbase, Block, Riot Platforms, Marathon Digital, and others saw theirs shares rising following the SEC's court loss.