MicroStrategy Acquires 149,880 BTC for $1.35 Billion, Boosting Holdings with Impressive Returns

According to recent reports by COINOTAG on December 4, MicroStrategy’s founder, Michael Saylor, announced via social media that the firm successfully raised $1.35 billion in November for the strategic acquisition of an impressive 149,880 BTC. This acquisition was made at an average price of approximately $90,231 per BTC. The significant expansion of MicroStrategy’s Bitcoin holdings has translated into a remarkable return of 38.7% for the company’s shareholders, resulting in a net increase of 97,500 BTC, which translates to an average of 3,250 BTC acquired daily.

With current market valuations estimating the price of a single BTC at $96,000, MicroStrategy’s monthly return could approximate $9.4 billion, or an impressive $312 million on a daily basis. This latest funding and acquisition strategy reinforces MicroStrategy’s commitment to enhancing its position in the ever-evolving cryptocurrency landscape.