{"id":72328,"date":"2024-02-26T12:24:01","date_gmt":"2024-02-26T16:24:01","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=72328"},"modified":"2024-02-26T12:24:23","modified_gmt":"2024-02-26T16:24:23","slug":"breaking-microstrategy-makes-major-bitcoin-purchase","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/breaking-microstrategy-makes-major-bitcoin-purchase\/","title":{"rendered":"Breaking: MicroStrategy Makes Major Bitcoin Purchase"},"content":{"rendered":"\n

MicroStrategy's Michael Saylor<\/a> reveals a new Bitcoin purchase of $155 million, bringing the BTC\u00a0holdings to 193,000.<\/p>\n\n\n\n

\"Breaking:<\/figure>\n\n\n\n

On Monday, Michael Saylor, executive chairman and co-founder of MicroStrategy, announced that the organization had acquired an additional $155 million worth of Bitcoins, bringing its total BTC holdings to 193,000.<\/p>\n\n\n\n

Michael Saylor has taken a significant step in advance of the halving of Bitcoin and the accumulation of Bitcoin by spot Bitcoin ETFs.<\/p>\n\n\n\n

MicroStrategy Acquires 3000 Bitcoins<\/h2>\n\n\n\n

MicroStrategy Inc. received nearly 3,000 Bitcoins for approximately $155.4 million in cash, according to a new filing\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> with the U.S. Securities and Exchange Commission dated February 26.<\/p>\n\n\n\n

However, between 15 and 25 February 2024, MicroStrategy acquired BTCs at an average price of approximately $51,813 per transaction.<\/p>\n\n\n\n

According to Michael Saylor, MicroStrategy and its subsidiaries collectively possess 193,000 Bitcoins, which were acquired at an average price of $31,544 per Bitcoin and for nearly $6.09 billion.<\/p>\n\n\n\n

\n

MicroStrategy has acquired an additional 3,000 BTC for ~$155 million at an average price of $51,813 per #bitcoin<\/use><\/svg><\/span><\/a>. As of 2\/25\/24, @MicroStrategy<\/use><\/svg><\/span><\/a> now hodls 193,000 $BTC<\/use><\/svg><\/span><\/a> acquired for ~$6.09 billion at an average price of $31,544 per bitcoin. $MSTR<\/use><\/svg><\/span><\/a> https:\/\/t.co\/micudbYf3P<\/use><\/svg><\/span><\/a><\/p>— Michael Saylor (@saylor) February 26, 2024<\/use><\/svg><\/span><\/a><\/blockquote>

The Bitcoin acquisition was funded by the sales agreement-mandated proceeds from the issuance and sale of shares, as disclosed on November 30, 2023.<\/p>\n\n\n\n

On December 27, MicroStrategy made its most recent acquisition of 14,620 BTC for an estimated $615.7 million.<\/p>\n\n\n\n

Michael Saylor maintains an unfazed stance regarding the potential adverse consequences of\u00a0Bitcoin ETFs<\/a>\u00a0on MSTR.\u00a0<\/p>\n\n\n\n

Saylor argues that MicroStrategy is unique in comparison to ETFs, which operate as for-profit entities and incur expenses.<\/p>\n\n\n\n

As a diversification strategy, MicroStrategy entrusts 98% of its Bitcoin holdings to Fidelity Custody and utilizes Coinbase Prime for comprehensive asset management and security.<\/p>\n\n\n\n

BTC and MSTR Stock Price Performance<\/h2>\n\n\n\n

Today, MicroStrategy stock (NASDAQ: MSTR) is trading at $699.2, an increase of 1.71% in pre-market hours. <\/p>\n\n\n\n

The stock is anticipated to surpass $700 once more.<\/p>\n\n\n\n

As a result of the Bitcoin upswing in 2023 and 2024, the price of MSTR stock increased significantly.<\/p>\n\n\n\n

With a month-on-month increase of 39% and an annual increase of over 160%, MSTR stock has surged an astounding 316% since the start of 2023.<\/p>\n\n\n\n

The price of Bitcoin experienced a 1% increase in the last hour, recovering from its 24-hour low of $50,931.<\/p>\n\n\n\n

Nevertheless, at the moment, the price is $51,410.<\/p>\n\n\n\n

The 24-hour low and high are, respectively, $50,931 and $51,950.<\/p>\n\n\n\n

In addition, the trading volume has witnessed a surge of 10% over the past 24 hours, suggesting an upsurge in trader interest.<\/p>\n","protected":false},"excerpt":{"rendered":"

MicroStrategy’s Michael Saylor reveals a new Bitcoin purchase of $155 million, bringing the BTC\u00a0holdings to 193,000. On Monday, Michael Saylor, executive chairman and co-founder of MicroStrategy, announced that the organization had acquired an additional $155 million worth of Bitcoins, bringing its total BTC holdings to 193,000. Michael Saylor has taken a significant step in advance […]<\/p>\n","protected":false},"author":56,"featured_media":72337,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[17807,1876,539],"class_list":["post-72328","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin-btc-price","tag-michael-saylor","tag-microstrategy"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/02\/Saylor.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/72328","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/56"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=72328"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/72328\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/72337"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=72328"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=72328"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=72328"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}