Business intelligence firm MicroStrategy further added to its Bitcoin bag on Monday with a highly anticipated purchase of 5,262 BTC.
MicroStrategy Chairman Michael Saylor confirmed the latest acquisition in a tweet on Monday. The software development company extended its weekly acquisition streak by purchasing 5,262 BTC ($561 million).
According to the announcement, MicroStrategy purchased the bitcoins at an average price of $106,662 per coin, for a total of 442,262 BTC ($42 billion).
MicroStrategy purchased an additional 5,262 BTC for approximately $561 million at an average price of $106,662 per Bitcoin. As of December 22, 2024, the company holds a total of 444,262 BTC.
— TheCryptoBasic (@thecryptobasic) December 23, 2024
MicroStrategy extends its weekly Bitcoin buying streak
Meanwhile, MicroStrategy has announced seven straight weeks of Bitcoin acquisitions as its appetite for the key asset reaches insane levels. The company resumed the series on November 11th with the purchase of 27,200 BTC ($2.03 billion) and has since accumulated 192,042 BTC.
MicroStrategy’s average Bitcoin cost is currently $62,226, with the company spending $27.64 billion to acquire its 442,262 BTC. This suggests that the pro-Bitcoin company has a lifetime unrealized profit in its portfolio of $14.57 billion.
In particular, the crypto community was awaiting Monday’s announcement. Enthusiasts have spotted a trend where Saylor Mentions a desire to add new points to MicroStrategy’s portfolio tracker before making a purchase announcement the next day.
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