MicroStrategy acquired 21,550 BTC for ~$2.1B at ~$98,783 per BTC.

As of December 8, the company holds 423,650 BTC, acquired for ~$25.6B at ~$60,324 per BTC.

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MicroStrategy has acquired 21,550 BTC for ~$2.1 billion at ~$98,783 per #bitcoin and has achieved BTC Yield of 43.2% QTD and 68.7% YTD. As of 12/8/2024, we hodl 423,650 $BTC acquired for ~$25.6 billion at ~$60,324 per bitcoin. $MSTR https://t.co/8r7bFqMFof

Michael Saylor⚡️

MicroStrategy acquired 21,550 BTC for ~$2.1B at ~$98,783 per BTC.

As of December 8, the company holds 423,650 BTC, acquired for ~$25.6B at ~$60,324 per BTC.

https://x.com/saylor/status/1866106687699964016

That's a significant acquisition by MicroStrategy! Their ongoing strategy of accumulating Bitcoin has been noteworthy. With 423,650 BTC now in their portfolio, the average price they paid of ~$60,324 per BTC positions them well for potential gains if Bitcoin's price continues to rise. Given the market's volatility, this type of long-term strategy, focusing on Bitcoin as a store of value, reflects a strong belief in the asset's future potential.

MicroStrategy’s accumulation strategy is certainly one to watch, especially with the way it can impact both the broader market and their corporate strategy. How do you see this kind of move influencing Bitcoin's adoption or price movements in the short and long term?