JUST IN: MicroStrategy Buys 14,620 Bitcoins for $615.7 Million

MicroStrategy has executed a noteworthy acquisition, further substantiating its commitment to the Bitcoin market. The company recently procured an additional 14,620 BTC at an approximate cost of $615.7 million, at an average purchase price of $42,110 per Bitcoin. As of December 26, 2023, MicroStrategy’s cryptocurrency holdings have reached a substantial 189,150 BTC, amassed at an aggregate expenditure of roughly $5.9 billion, with an average acquisition cost of $31,168 per Bitcoin. This substantial investment not only solidifies MicroStrategy’s status as a prominent corporate custodian of Bitcoin but also underscores its enduring faith in the Bitcoin’s long-term potential.

Official Announcement Link

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