MicroStrategy Boosts Bitcoin Holdings by 21,550: A $2.1 Billion Acquisition by Michael Saylor

On December 9th, MicroStrategy’s founder, Michael Saylor, revealed via social media the company’s latest acquisition of 21,550 bitcoins at an average price of approximately $98,783. This significant purchase brings the total value of their holdings to around $2.1 billion. As of December 8, 2024, MicroStrategy maintains a robust portfolio of 423,650 bitcoins, which were amassed at a total expenditure of near $25.6 billion. The average cost per bitcoin across these assets stands at about $60,324. This strategic maneuver underscores MicroStrategy’s ongoing commitment to enhancing its blockchain investments and positions the firm as a leader in institutional adoption of digital currencies, reflecting an unwavering belief in the long-term potential of bitcoin.