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What will be MicroStrategy's total Bitcoin holdings by the end of 2024?
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Story
MicroStrategy Acquires 7,420 Bitcoins for $458.2 Million, Total Holdings Now 252,220 BTC
Sep 20, 2024, 01:20 PM
MicroStrategy has acquired 7,420 bitcoins for approximately $458.2 million, at an average price of $61,750 per bitcoin, between September 13 and September 19, 2024. This latest purchase brings the company's total bitcoin holdings to 252,220 BTC, acquired for around $9.9 billion at an average price of $39,266 per bitcoin. The current value of these holdings is estimated to be $15.85 billion, yielding a profit of approximately $5.95 billion. Michael Saylor, CEO of MicroStrategy, confirmed the acquisition, which was also reported to the SEC and funded by a recent debt offering.
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