MicroStrategy Increases Bitcoin Holdings With Significant Returns

According to PANews, Michael Saylor, co-founder and executive chairman of MicroStrategy, announced on the X platform that the company has invested approximately $1.5 billion to acquire an additional 15,400 bitcoins. This purchase was made at an average price of around $95,976 per bitcoin. As a result, MicroStrategy achieved a quarterly total return (QTD) of 38.7% and an annual total return (YTD) of 63.3%. As of December 2, 2024, MicroStrategy holds a total of 402,100 bitcoins. These were acquired at an average price of approximately $58,263 per bitcoin, amounting to a total value of about $23.4 billion. This strategic move underscores MicroStrategy's continued commitment to investing in bitcoin as part of its corporate strategy.