The post MicroStrategy Buys 15,400 BTC, Total Holdings Soar to 402,100 Bitcoin appeared first on Coinpedia Fintech News
Despite the ongoing price correction in Bitcoin (BTC), MicroStrategy (MSTR), the largest corporate BTC holder, has once again made a significant investment in BTC. Before the opening bell of the U.S. market, MicroStrategy’s chair and founder, Michael Saylor announced on X (formerly Twitter) that the company had acquired an additional 15,400 BTC worth $1.5 billion.
MicroStrategy’s Latest Bitcoin Purchase
Sayler in a post on X, added that they have acquired this notable BTC at an average price of $95,976 per Bitcoin. With a Bitcoin yield of 38.7% quarter-to-date (QTD) and 63.3% year-to-date (YTD), MicroStrategy’s strategy has delivered remarkable returns.
MicroStrategy has acquired 15,400 BTC for ~$1.5 billion at ~$95,976 per #bitcoin and has achieved BTC Yield of 38.7% QTD and 63.3% YTD. As of 12/2/2024, we hodl 402,100 $BTC acquired for ~$23.4 billion at ~$58,263 per bitcoin. $MSTR https://t.co/K3TK4msGp0
— Michael Saylor
(@saylor) December 2, 2024
With the recent acquisitions, MicroStrategy’s holdings have soared to 402,100 BTC, which the firm acquired over four years for a total of $23.4 billion at an average price of $58,263 per Bitcoin.
Bitcoin Adoption by Industry Giant
These ongoing acquisitions not only establish MSTR as a major BTC holder but also continue to inspire other firms to adopt BTC, as previously reported by CoinPedia. In November alone, a prominent medical firm, Semler Scientific, acquired $30 million worth of BTC, while the AI company Genius Group purchased $120 million worth of BTC.
This adoption of Bitcoin signals potential buying opportunities before it’s too late. Currently, BTC seems to be consolidating within a narrow range after a significant upward rally triggered by the presidential election results in the United States.
BTC Price Momentum
At press time, Bitcoin is trading near $95,700 and has registered a price drop of 1.56% in the past 24 hours. During the same period, its trading volume surged by 70%, signaling significant activity from traders and investors amid bullish market sentiment.
