MicroStrategy, the biggest publicly-traded company holding Bitcoin, just bought another 2,138 BTC!
Another Big Bitcoin Buy
This latest purchase cost them roughly $209 million, adding to their already massive Bitcoin stash. According to founder Michael Saylor, their Bitcoin holdings now yield a hefty 47.8% return this quarter and a whopping 74.1% year-to-date. As of December 29th, 2024, MicroStrategy owns a staggering 446,400 BTC, worth over $27.9 billion!
Board Expansion and Market Dominance
Recently, MicroStrategy also expanded its board of directors from six to nine members. Interestingly, reports suggest that MicroStrategy, along with governments and ETFs, now owns nearly a third (31%) of all known Bitcoin. That’s a 14% jump from December 2023, according to CryptoQuant.
Bitcoin’s Current Price
At the time of writing, Bitcoin is trading around $93,817, down slightly for the day.
Disclaimer: This information is for general knowledge only and is not financial advice. Investing in Bitcoin and other cryptocurrencies is risky. Always do your own research before investing.
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