MicroStrategy, the Bitcoin Treasury company, announced on Monday that it had purchased another BTC. This brings its total BTC holdings to more than $46 billion.
A Monday announcement revealed that the company Purchase Between December 9 and 15, 2015, you acquired 15350 Bitcoins. You now hold 439,000 BTC total. MicroStrategy purchased its last Bitcoin for an average price per coin of $100 386, the company said. This brings MicroStrategy’s spending this past week to $1.5 Billion.
The company was founded in 1996. Accelerated Bitcoins are being purchased by MSTR this year, as the demand for their stock has soared.
Nasdaq, on Friday announced that MicroStrategy would be closing its doors. You can join us by clicking here the Nasdaq 100—an index of the top 100 non-financial companies on the Nasdaq Composite index. This will happen before the markets open on Monday, December 23, next year.
Listing is good for the industry as it shows more acceptance by the mainstream.
MicroStrategy was a small tech firm that used to sell only data analysis software. It now mainly buys Bitcoin, and securitizes the currency: Investors purchase shares in the company for exposure to the largest cryptocurrency by market capital.
The largest cryptocurrency holder is a corporate entity.
MicroStrategy is up today by almost 3% and priced at $419.60. In the last year it’s risen by over 600%. Since the company bought Bitcoin for the first time in 2020, its shares are up 3,300%.
Michael Saylor’s claim that this asset will preserve your wealth better than gold, tech stocks or real estate.
Bitcoin price is rising Now stands at $106,387 per coin—currently the all-time high price for the asset, pushing slightly higher than the record set on Sunday.
Following the election of Donald Trump as U.S. Presiden-elect Donald Trump on 5 November, the biggest and oldest digital currency has surged. Trump has promised to cut regulations, assist the digital asset sector, and even build a strategic Bitcoin Stockpile.
Editor by Andrew Hayward
