{"id":73955,"date":"2024-03-19T16:26:23","date_gmt":"2024-03-19T20:26:23","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=73955"},"modified":"2024-03-19T16:26:26","modified_gmt":"2024-03-19T20:26:26","slug":"microstrategys-strategic-bitcoin-accumulation-amid-price-dip","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/microstrategys-strategic-bitcoin-accumulation-amid-price-dip\/","title":{"rendered":"MicroStrategy\u2019s Strategic Bitcoin Accumulation Amid Price Dip"},"content":{"rendered":"\n<p>MicroStrategy Capitalizes on Bitcoin\u2019s Market Dip, Boosting Holdings to Over 214K <a href=\"https:\/\/coinscreed.com\/staging\/bitcoin-btc-bull-run-crypto-taxes-you-should-know.html\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">BTC<\/a> with bitcoin\u2019s price falling below the $65,000 mark.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"768\" height=\"384\" src=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/03\/microstrategy-bitcoin.jpeg\" alt=\"MicroStrategy\u2019s Strategic Bitcoin Accumulation Amid Price Dip\" class=\"wp-image-73959\" srcset=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/03\/microstrategy-bitcoin.jpeg 768w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/03\/microstrategy-bitcoin-300x150.jpeg 300w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/03\/microstrategy-bitcoin-360x180.jpeg 360w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/03\/microstrategy-bitcoin-750x375.jpeg 750w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/><\/figure>\n\n\n\n<p>In a bold move amidst the cryptocurrency market downturn, <a href=\"https:\/\/coinscreed.com\/staging\/microstrategy-buys-additional-12000-btc-worth-800m.html\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">MicroStrategy <\/a>has significantly increased its Bitcoin reserves. <\/p>\n\n\n\n<p>Despite Bitcoin\u2019s price falling below the $65,000 mark, the business intelligence giant seized the opportunity to expand its cryptocurrency portfolio, acquiring an additional 9,245 BTC for roughly $623 million. <\/p>\n\n\n\n<p>This purchase, conducted at an average cost of $67,382 per Bitcoin, is part of the company\u2019s ongoing strategy to invest heavily in the digital asset.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-recent-acquisition-and-sec-filing\">Recent Acquisition and SEC Filing <\/h3>\n\n\n\n<p>According to recent filings with the SEC, <a href=\"https:\/\/assets.contentstack.io\/v3\/assets\/bltb564490bc5201f31\/blt8616b4a2357a7776\/65f97be75caa4b768d60c3d6\/form-8-k_03-19-2024_filing-1.pdf\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">MicroStrategy\u2019s latest acquisition<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><g id=\"wpil-svg-outbound-7-icon-path\" fill=\"none\" clip-path=\"url(#clip0_31_188)\">\r\n                            <path d=\"M9.16724 14.8891L20.1672 3.88908\" stroke-linecap=\"round\"\/>\r\n                            <path d=\"M13.4497 3.53554L20.5208 3.53554L20.5208 10.6066\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\r\n                            <path d=\"M17.5 13.5L17.5 16.26C17.5 17.4179 17.5 17.9968 17.2675 18.4359C17.0799 18.7902 16.7902 19.0799 16.4359 19.2675C15.9968 19.5 15.4179 19.5 14.26 19.5L7.74 19.5C6.58213 19.5 6.0032 19.5 5.56414 19.2675C5.20983 19.0799 4.92007 18.7902 4.73247 18.4359C4.5 17.9968 4.5 17.4179 4.5 16.26L4.5 9.74C4.5 8.58213 4.5 8.0032 4.73247 7.56414C4.92007 7.20983 5.20982 6.92007 5.56414 6.73247C6.0032 6.5 6.58213 6.5 7.74 6.5L11 6.5\" stroke-linecap=\"round\"\/>\r\n                        <\/g>\r\n                        <defs>\r\n                            <clipPath id=\"clip0_31_188\">\r\n                                <rect fill=\"white\" height=\"24\" width=\"24\"\/>\r\n                            <\/clipPath>\r\n                        <\/defs><\/svg><\/span><\/a> occurred between March 11th and 18th. The company utilized $592.3 million from convertible cash offerings and an additional $30.7 million of excess cash to complete the purchase. <\/p>\n\n\n\n<p>This follows closely on the heels of their previous significant investment of 12,000 BTC earlier in March.<\/p>\n\n\n\n<p>MicroStrategy\u2019s aggressive investment strategy has now resulted in a total Bitcoin holding of 214,246 BTC, surpassing 1% of the total Bitcoin supply, which is limited to 21 million coins. Initially acquired at an average price of $35,160, the company\u2019s Bitcoin assets are now valued at over $14 billion, reflecting the substantial growth in value.<\/p>\n\n\n\n<p>Under the guidance of co-founder and former CEO <a href=\"https:\/\/twitter.com\/saylor\/status\/1770061111146033385\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Michael Saylor, <span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><use href=\"#wpil-svg-outbound-7-icon-path\"><\/use><\/svg><\/span><\/a>MicroStrategy has maintained a steadfast commitment to Bitcoin accumulation. This strategy has positioned the company as the leading publicly traded firm in terms of Bitcoin holdings.<\/p>\n\n\n\n<p> MicroStrategy\u2019s approach has set a precedent for other financial institutions, including <a href=\"https:\/\/coinscreed.com\/staging\/tether-freezes-1-4m-usdt-linked-to-us-tech-fraud.html\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Tether,<\/a> the entity behind the widely used USDT stablecoin. <\/p>\n\n\n\n<p>Since September 2022, Tether has been strategically purchasing Bitcoin, allocating 15% of its monthly revenue to the cryptocurrency. As of January 2024, Tether holds 66,465 BTC.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MicroStrategy Capitalizes on Bitcoin\u2019s Market Dip, Boosting Holdings to Over 214K BTC with bitcoin\u2019s price falling below the $65,000 mark. In a bold move amidst the cryptocurrency market downturn, MicroStrategy has significantly increased its Bitcoin reserves. Despite Bitcoin\u2019s price falling below the $65,000 mark, the business intelligence giant seized the opportunity to expand its cryptocurrency [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":73959,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[152,583,18742],"class_list":["post-73955","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-market-dip","tag-microstrategy-bitcoin"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/03\/microstrategy-bitcoin.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/73955","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=73955"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/73955\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/73959"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=73955"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=73955"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=73955"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}