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

BTC

BTC/USDT

$66,256.00

+2.92%

$66,256.00

+2.92%

(24s)

24h Volume

$17,950,938,232.93

24h H/L

$66,420.65 / $64,077.76

Change: $2,342.89 (3.66%)

Long/Short

54.3%

Long: 54.3%Short: 45.7%

Funding Rate

+0.0065%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$66,336.65

▲ 1.66%

Volume (24h): -

Resistance Levels

Resistance 3$70,265.44

Resistance 2$67,834.53

Resistance 1$66,797.37

Price$66,336.65

Support 1$65,092.48

Support 2$63,816.31

Support 3$61,596.72

Pivot (PP):$64,718.17

Trend:Uptrend

RSI (14):60.8

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.