MicroStrategy Buys Additional 11,931 Bitcoins

Written By:
Jalpa Bhavsar

Reviewed By:
Dhara Chavda

Last updated: December 13, 2024 12:21 AM

Published June 20, 2024 6:23 PM

Last updated: December 13, 2024 12:21 AM

Published June 20, 2024 6:23 PM

Microstrategy Buys Bitcoin Holding With 11,931 Btc

MicroStrategy, a U.S.-based business intelligence firm, added more stash to its Bitcoin holdings with the purchase of 11,931 BTC with a payment of $786.0 million, or an average price of $65,883 per Bitcoin.

MicroStrategy is now holding a total of 226,331 Bitcoins. This holding is now worth around $15 billion at bitcoin’s current price of roughly $66,000.

MicroStrategy’s founder and executive chairman, Michael Saylor, estimates that the company paid approximately $8.33 billion for its entire holdings of 226,331 Bitcoin, and now an average price sets for $36,798 per Bitcoin.

In 2020, Michael Saylor and MicroStrategy began their investment in Bitcoin, the oldest and most prominent cryptocurrency, and have since led the charge to establish BTC as a reserve asset for corporate treasuries. MicroStrategy’s stock has risen by 2% in premarket trading, now valued at $1,507.

Also Read: MicroStrategy Announces $700M Senior Notes at 2.25% Interest

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By Jalpa Bhavsar

Jalpa is enthusiastic content writer brings a fresh perspective to simplify complex crypto topics. She started her journey as a writer with a background as a graphic designer. She possesses talent in lettering and line art and dreams of opening her own art studio. she has an ardent love for mountain.

By Dhara Chavda

Dhara is a crypto content analyst and writer with over 2 years of experience in the industry. Dhara has a deep understanding of the crypto market and is well-versed in various blockchain technologies. Dhara is also an avid trader and stays current with the latest trends and news in the crypto world. With Dhara's expertise and passion for the industry, readers can expect insightful and informative content.