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MicroStrategy’s First Bitcoin Buy Above $100K

by Catatonic Times
December 16, 2024
in Altcoin
Reading Time: 3 mins read
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MicroStrategy, led by Michael Saylor, seems to have made yet one more Bitcoin


BTC

$104,395.82

buy at a mean worth exceeding $100,000.

If the streak continues, the agency’s newest acquisition could be its first at six-figure costs per Bitcoin.

In earlier weeks, MicroStrategy confirmed purchases at common costs of $97,862, $95,976, and $98,783 between late November and early December, in keeping with SaylorTracker data.

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On December 15, Saylor posted on X, questioning whether or not the Bitcoin portfolio tracker, SaylorTracker, is perhaps “lacking a inexperienced dot”, a phrase synonymous with MicroStrategy’s new Bitcoin purchases.

The timing of this buy aligns with Bitcoin’s latest rally to a brand new peak of $106,554, achieved on December 14. Saylor has beforehand acknowledged his perception that Bitcoin’s worth will proceed climbing, even asserting that he’s ready to purchase at $1 million per coin.

As of December 15, MicroStrategy’s Bitcoin holdings stand at 423,650 BTC, valued at over $43.6 billion. If the corporate continues its present tempo, its portfolio might quickly surpass $50 billion.

MicroStrategy’s newest Bitcoin buy marks a historic milestone, however the firm’s ambitions don’t cease there. Lately, Michael Saylor made a pitch to Microsoft to put money into Bitcoin. What did Saylor say in his proposal? Learn the complete story.

Aaron S. Editor-In-Chief

Having accomplished a Grasp’s diploma in Economics, Politics, and Cultures of the East Asia area, Aaron has written scientific papers analyzing the variations between Western and Collective types of capitalism within the post-World Warfare II period.With near a decade of expertise within the FinTech trade, Aaron understands the entire largest points and struggles that crypto fanatics face. He’s a passionate analyst who is anxious with data-driven and fact-based content material, in addition to that which speaks to each Web3 natives and trade newcomers.Aaron is the go-to individual for every little thing and something associated to digital currencies. With an enormous ardour for blockchain & Web3 training, Aaron strives to rework the house as we all know it, and make it extra approachable to finish freshmen.Aaron has been quoted by a number of established shops, and is a printed creator himself. Even throughout his free time, he enjoys researching the market tendencies, and searching for the following supernova.



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