MicroStrategy buys $615 million worth of virtual currency Bitcoin in December

Is this the last purchase for this year?

MicroStrategy announced on the night of the 27th that it had increased its purchases of the virtual currency Bitcoin.

MicroStrategy has acquired an additional 14,620 BTC for ~$615.7 million at an average price of $42,110 per #bitcoinAs of 12/26/23, @MicroStrategy now hodls 189,150 $BTC acquired for ~$5.9 billion at an average price of $31,168 per bitcoin. $MSTR https://t.co/PKfYY59sTW

— Michael Saylor (@saylor) December 27, 2023

This time, he acquired 14,620 BTC of Bitcoin for an amount of $615 million. The average acquisition price was $42,110. With this additional purchase, the company’s Bitcoin holdings increased to 189,150 BTC, pushing the overall average acquisition cost to $31,168 from the previous 30,252 (as of November 29).

This additional purchase was carried out between November 30th and December 26th, and was the fourth consecutive month of additional purchases.

connection: MicroStrategy purchases approximately $600 million worth of virtual currency Bitcoin

The company’s Bitcoin portfolio once again turned from unrealized losses to unrealized gains for the first time in about three months when Bitcoin returned to the 30,000 level at the end of October, and is currently estimated at $2.2 billion.

It appears that investors are increasing their Bitcoin holdings in preparation for the possibility that multiple Bitcoin ETF listing applications will be approved by the SEC next January, and for the Bitcoin halving in April next year.

connection: “Bitcoin ETF is not a threat to the company’s stock” MicroStrategy Chairman Thaler

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