{"id":25279,"date":"2023-12-27T14:54:38","date_gmt":"2023-12-27T14:54:38","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/microstrategy-boosts-bitcoin-holdings-with-615m-purchase-eyes-1-of-supply\/"},"modified":"2023-12-27T14:54:38","modified_gmt":"2023-12-27T14:54:38","slug":"microstrategy-boosts-bitcoin-holdings-with-615m-purchase-eyes-1-of-supply","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/microstrategy-boosts-bitcoin-holdings-with-615m-purchase-eyes-1-of-supply\/","title":{"rendered":"MicroStrategy boosts Bitcoin holdings with $615M purchase, eyes 1% of supply"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/1651682826451-e9fddf18-ddc0-4f14-8f5b-48f33eec05e6-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/1651682826451-e9fddf18-ddc0-4f14-8f5b-48f33eec05e6-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/1651682826451-e9fddf18-ddc0-4f14-8f5b-48f33eec05e6-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/1651682826451-e9fddf18-ddc0-4f14-8f5b-48f33eec05e6-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>MicroStrategy acquires 14,620 BTC for $615.7M, pushing total holdings to 189,150 BTC at $5.9B.<\/li>\n<li>CEO Michael Saylor remains bullish on Bitcoin, considering it the world\u2019s most valuable asset class.<\/li>\n<li>The company\u2019s proactive crypto strategy aligns with growing institutional interest, eyes 1% of Bitcoin supply.<\/li>\n<\/ul>\n<p>MicroStrategy (NASDAQ: MSTR), the business intelligence giant led by CEO Michael Saylor, has reaffirmed its belief in the long-term potential of <a href=\"https:\/\/coinjournal.net\/bitcoin\/what-is-bitcoin\/\">Bitcoin<\/a>.<\/p>\n<p>In a recent disclosure to the Securities and Exchange Commission (SEC), MicroStrategy revealed the acquisition of 14,620 BTC between November 30, 2023, and December 26, 2023. This substantial purchase amounts to $615.7 million, at an average price per Bitcoin of $42,110.\u00a0<\/p>\n<p>The recent purchase comes after the company <a href=\"https:\/\/coinjournal.net\/news\/microstrategy-acquires-an-additional-5445-bitcoins\/\">purchased another 5,445 bitcoins in September 2023<\/a>.<\/p>\n<p>MicroStrategy\u2019s total Bitcoin holdings have now reached an impressive 189,150 BTC, acquired at an approximate cost of $5.9 billion. This move places the company on the brink of owning 1% of the total Bitcoin supply. The valuation of MicroStrategy\u2019s Bitcoin holdings represents about 0.7% of the entire market capitalization of the leading digital asset.<\/p>\n<h2>MicroStrategy\u2019s optimism amidst Bitcoin volatility<\/h2>\n<p>Despite recent price fluctuations in the cryptocurrency market, MicroStrategy remains unwavering in its positive outlook on Bitcoin. Michael Saylor, a vocal advocate for Bitcoin, stated that he views the cryptocurrency as the currency of the future. This sentiment is reflected in MicroStrategy\u2019s ongoing strategy of accumulating significant amounts of Bitcoin, seeing it as a strategic part of the company\u2019s treasury reserve.<\/p>\n<p>MicroStrategy\u2019s proactive approach to cryptocurrency investments also aligns with the broader trend of growing institutional interest in digital assets. As Bitcoin continues to be seen as a valuable hedge against inflation and a store of value, companies like MicroStrategy are capitalizing on opportunities presented by the evolving landscape of the crypto market.<\/p>\n<p>The business intelligence giant\u2019s recent $615 million Bitcoin purchase reaffirms its position as a major player in the crypto space. The company\u2019s continued confidence in Bitcoin\u2019s future potential is reflected in its strategic accumulation of digital assets, solidifying its standing as a significant holder in the ever-expanding world of cryptocurrencies.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/microstrategy-boosts-bitcoin-holdings-with-615m-purchase-eyes-1-of-supply\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) MicroStrategy acquires 14,620 BTC for $615.7M, pushing total holdings to 189,150 BTC at $5.9B. CEO Michael Saylor remains bullish on Bitcoin, considering it the world\u2019s most valuable asset class. The company\u2019s proactive crypto strategy aligns with growing institutional interest, eyes 1% of Bitcoin [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":25280,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/25279"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=25279"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/25279\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/25280"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=25279"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=25279"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=25279"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}