MicroStrategy Inc has announced its latest Bitcoin purchase, acquiring 5,262 BTC for $561 million at an average price of $106,662. This marks a purchase below the dollar-cost average and is the company's lowest disclosed buy since July 2024. Despite criticism from Bitcoin critic Peter Schiff, MicroStrategy's Bitcoin portfolio remains profitable, and its stock sustains a premium against its holdings. The company has acquired a total of 444,262 BTC at an average cost of $62,257. Despite recent drops in Bitcoin's price following MicroStrategy's purchases, the company's long-term results are still heavily positive, with an unrealized profit of nearly $15 billion.
- Content Editor ( finbold.com )
- 2024-12-23
MicroStrategy buys Bitcoin price top at $106k, already down 12%