The company has taken another step to show its commitment towards Bitcoin. MicroStrategy BTC worth another $1.11 Billion has been bought. Michael Saylor, who leads the software intelligence company, has indeed continued to support the acquisition of BTC.
Saylor is a vocal advocate for the asset class. This is evident in the way that Saylor has made BTC acquisition one of their core principles. According to reports, the company now holds 244,800 BTC, which was purchased for $9.4 Billion. post on X (formerly Twitter).
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Michael Saylor’s MicroStrategy Purchases 18,300 BTC
2024 is a crucial year for cryptocurrency. In the financial industry, Bitcoin is a major story. The first crypto-based ETF was launched in the United States. It reached its highest ever level in just three months.
Even though the value of this asset is immense, it still has staying power. The currency’s most ardent defenders have now been proven correct. Michael Saylor may be the most ardent advocate of this asset class. This Bitcoin commitment has been reinforced by today’s announcement. MicroStrategy BTC was worth an additional $1.11 billion.
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In its most recent move, the firm revealed that it has acquired 18,300 BTC. They paid $60,408 for each BTC. They also announced that they had a BTC return of 4.4% for the QTD period and 17.5% YTD. Total holdings now exceed $9 billion with an average purchase price per BTC of $38,585.
Saylor spoke about his continuing optimism in Bitcoin just this month. In an interview with CNBC, Saylor predicted that Bitcoin’s price would rise to $13,000,000 per BTC in the next few years. next 20 years. He also predicted that the token will grow to capture 7 percent of global capital. The token will become a major player in the global financial system.
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Source: watcher.guru