MicroStrategy announced the purchase of a further 14,620 BTC for about $615.7 million.
MicroStrategy has acquired an additional 14,620 BTC for ~$615.7 million at an average price of $42,110 per #bitcoin. As of 12/26/23, @MicroStrategy now hodls 189,150 $BTC acquired for ~$5.9 billion at an average price of $31,168 per bitcoin. $MSTR https://t.co/PKfYY59sTW
— Michael Saylor⚡️ (@saylor) December 27, 2023
Founder Michael Saylor noted that the transactions were carried out between November 30 and December 26 at an average price of $42,110.
As of now, MicroStrategy holds a total of 189,150 BTC, purchased for $5.9 billion — a price of $31,168 per bitcoin.
According to BitcoinTreasuries, at the time of writing the company’s unrealised profit in the cryptocurrency exceeds $2.2 billion. The Bitcoin owned by MicroStrategy accounts for 86% of its market capitalisation.
In October, the company acquired 155 BTC for $5.3 million. In November, the firm reported the purchase of 16,130 BTC for $593.3 million. For the entire third quarter of 2023 the figure reached 6,067 BTC.
Earlier, North Rock Digital founder Hal Press criticised the firm’s strategy of acquiring bitcoin. In his view, MicroStrategy will have to sell “every coin eventually.”
In December, Saylor allowed Bitcoin to fall to zero or rise to $1 million. He also said that approval of a spot bitcoinETF would be one of the most important events for financial markets in the last 30 years.