Bitcoin treasury firm MicroStrategy announced additional BTC purchases on Monday, bringing its total holdings in the major cryptocurrency to more than $46 billion.
According to an announcement Monday, the company Bought From December 9th to December 15th, it held 15,350 Bitcoins, and currently holds a total of 439,000 Bitcoins, worth $46.6 billion at current prices. MicroStrategy bought the latest Bitcoin at an average price of $100,386 per coin, bringing its spending for the week to more than $1.5 billion, the company said.
The company is accelerated Bitcoin has been a hot buy this year as demand for the company's stock (NASDAQ: MSTR) has surged.
On Friday, the Nasdaq saw MicroStrategy participate Nasdaq 100 – An index of the top 100 non-financial companies in the Nasdaq Composite Index. The measure will take effect next Monday, before the market opens on December 23rd.
This list is bullish for the crypto industry and signals more mainstream acceptance of the sector.
MicroStrategy was previously a quiet technology company focused solely on selling data analytics software. Currently, the company primarily purchases Bitcoin and securitizes it. Investors are buying the company's shares to gain exposure to the largest cryptocurrency by market capitalization.
The company is the largest corporate holder of cryptocurrencies.
MicroStrategy stock is now up nearly 3% at $419.60. It's up more than 600% in the past year. And since the company first bought Bitcoin in 2020, its stock price has increased 3,300%.
Michael Saylor, the company's co-founder and executive chairman, argues that this asset is the best way to preserve wealth and generate returns for shareholders, rather than buying gold, real estate or tech stocks.
bitcoin price I'm standing now At $106,387 per coin, it is currently the asset's all-time high price, slightly surpassing the record set on Sunday.
The largest and oldest digital asset comes in the wake of the November 5 election of US President-elect Donald Trump, who has pledged to ease regulation, support the digital asset industry and even create a strategic Bitcoin stockpile. It skyrocketed.
editor andrew hayward
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