MicroStrategy Invests $2.1 Billion in Bitcoin, Acquires 21,550 Tokens

MicroStrategy, a leading business intelligence company, has acquired an additional 21,550 Bitcoin (BTC) tokens for approximately $2.1 billion in cash, according to executive chairman Michael Saylor. The purchase took place between December 2 and December 8.

MicroStrategy’s Growing Bitcoin Holdings

This latest acquisition has increased MicroStrategy’s total Bitcoin holdings to 423,650 tokens, valued at roughly $41 billion. The company has spent an estimated $25.6 billion on BTC at an average price of $60,324 per coin, with a significant acceleration in purchases in 2024.

MicroStrategy’s Bitcoin purchases have generated around $16 billion in unrealized profits, with BTC trading above $98,900 as of December 9. The company’s founder, Michael Saylor, has been aggressively investing in Bitcoin since 2020 and aims to acquire $42 billion worth of BTC by 2027/2028.

Industry Leaders Promote Bitcoin Adoption

Crypto-native founders such as Coinbase CEO Brian Armstrong and former Binance CEO Changpeng Zhao have been encouraging governments and corporations to adopt Bitcoin. Armstrong has advised sovereign nations to acquire BTC as an inflation hedge, while Zhao has suggested that Amazon add BTC to its balance sheet and payment methods.

A $100 investment in Bitcoin when Coinbase was founded in June 2012 would now be worth approximately $1,500,000. In contrast, the same $100 would only be able to purchase about $73 worth of goods today due to inflation.

Tips for Bitcoin Investors:

• Bitcoin has shown significant growth over the past 12 years, making it a promising investment opportunity.
• Industry leaders are promoting Bitcoin adoption, which could lead to increased mainstream acceptance.
• Consider the potential risks and rewards of investing in Bitcoin and do your own research before making a decision.

Stay up-to-date with the latest cryptocurrency news and trends on Global Crypto News.

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