MicroStrategy Acquires 2,138 Bitcoin As Value of the Firm’s BTC Stash Balloons to Over $27,000,000,000
The biggest publicly traded company holder of Bitcoin (BTC) simply added over 2,000 new tokens to its stash.
Based on MicroStrategy founder Michael Saylor, the software program growth agency simply snagged 2,138 BTC value roughly $209 million.
“MicroStrategy has acquired 2,138 BTC for ~$209 million at ~$97,837 per Bitcoin and has achieved BTC yield of 47.8% QTD (quarter up to now) and 74.1% YTD (year-to-date). As of 12/29/2024, we hodl 446,400 BTC acquired for ~$27.9 billion at ~$62,428 per Bitcoin.”
Saylor included a link to the corporate’s SEC submitting accompanying the BTC acquisition.
Final week, MicroStrategy added three new seats to its board of administrators.
In a filing with the U.S. Securities and Trade Fee (SEC), the enterprise software program firm stated the variety of its board members has elevated to 9.
“On December 20, 2024, the Board of Administrators (the ‘Board’) of MicroStrategy Included (the ‘Firm’), upon advice from the Nominating Committee of the Board, expanded the scale of the Board from six to 9 members.”
The next day, reviews surfaced that MicroStrategy, together with governments and exchange-traded funds, owns practically one-third of all identified BTC holdings.
The 31% of identified BTC holdings owned by ETFs, governments and MicroStrategy represents a 14% improve from December 2023, in line with Ki Young Ju, the founder and chief govt of the digital asset analytics agency CryptoQuant.
The flagship digital asset is buying and selling for $93,817 at time of writing, a 1.5% lower on the day.
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