The post MicroStrategy Buys 2,138 Bitcoin For ~$209 Million appeared first on Coinpedia Fintech News
MicroStrategy has acquired 2,138 BTC for ~$209 million at ~$97,837 per bitcoin and has achieved BTC Yield of 47.8% QTD and 74.1% YTD.
As of 30th December, the company hodl 446,400 $BTC acquired for ~$27.9 billion at ~$62,428 per bitcoin.
Michael Saylor Recently he shared a chart from SaylorTracker, a platform that monitors the company’s Bitcoin holdings. The caption read, “Disconcerting blue lines on SaylorTracker.com,” leaving many wondering if another big Bitcoin purchase is on the way.
History of Hints Before Bitcoin Buys
Saylor has a history of hinting at major Bitcoin buys through his posts. Back in December, microstrategy
Business Intelligence
purchased 5,262 BTC worth $561 million after a similar Sunday post. Many believe these hints often follow major acquisitions, and this latest tweet has fueled speculation that another purchase happening soon.
MicroStrategy is already the largest corporate holder of Bitcoin, with 442,262 BTC valued at approximately $41.4 billion.
The company’s commitment to increasing its Bitcoin reserves has made it a key player in the crypto market, and Saylor’s posts are closely monitored for signs of upcoming activity.
Bitcoin adoption by institutions is on the rise—read Bitcoin price prediction to understand how this trend could shape its future value!
Preparing for Bigger Moves
MicroStrategy recently made headlines by seeking shareholder approval to issue billions of new shares. This proposal, filed with the SEC, aims to raise the company’s Class A common shares from 330 million to 10.33 billion and its preferred shares from 5 million to 1.005 billion.
These measures are designed to secure additional capital for the company’s ambitious Bitcoin acquisition strategy.
Also Read : Christian Lindner Pushes for Bitcoin Adoption in Germany Ahead of Key Elections ,
Huge Milestone for MicroStrategy
Apart from this, MicroStrategy’s inclusion in the Nasdaq 100 has further solidified its position in the crypto industry. Analysts predict this milestone will attract up to $2 billion in passive fund inflows, boost the company’s stock value, and enhance its institutional visibility.
Despite ups and downs in the market, the company remains focused on growing its Bitcoin reserves.
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