MicroStrategy Expands Bitcoin Holdings with $1.1 Billion Purchase

Friday, 13 September 2024, 13:01
MicroStrategy has made headlines again, purchasing 18,300 Bitcoin for $1.1 billion, significantly increasing their holdings to 244,800 BTC. This strategic acquisition underlines MicroStrategy's commitment to cryptocurrency as a core asset class. The average purchase price was around $60,408 per Bitcoin, showcasing their bullish outlook on BTC.
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MicroStrategy Expands Bitcoin Holdings with $1.1 Billion Purchase

MicroStrategy's Significant Bitcoin Investment

In a remarkable show of confidence in cryptocurrencies, MicroStrategy has purchased an additional 18,300 Bitcoin for approximately $1.1 billion. This latest acquisition brings their total holdings to 244,800 BTC, positioning them as one of the largest public holders of Bitcoin.

Details of the Purchase

  • Amount Purchased: 18,300 BTC
  • Total Investment: $1.1 billion
  • Average Price: $60,408 per Bitcoin

This strategic move reflects MicroStrategy's bullish approach to Bitcoin and highlights the growing role of cryptocurrencies in corporate investment strategies.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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