MicroStrategy invests $561 million in Bitcoin amid market pullback

MicroStrategy invests $561 million in Bitcoin amid market pullback
фото показано с : cryptoslate.com

2024-12-23 18:58

MicroStrategy continued its aggressive Bitcoin acquisition strategy, buying 5,262 BTC for $561 million despite the recent market downturn.

According to a Dec. 23 filing with the US Securities and Exchange Commission (SEC), the firm stated that the purchase price averaged $106,662 per Bitcoin.

This marks the seventh week of acquisitions, pushing the company’s total Bitcoin holdings to over 444,000 BTC.

MicroStrategy’s cumulative investment now stands at $27.7 billion, with an average purchase price of $62,257 per Bitcoin. Based on current market values, the firm’s holdings are worth more than $42 billion.

MicroStrategy’s Bitcoin investments have yielded notable returns, with quarterly BTC yields reaching 47.4% and annual gains hitting 73.4%.

Meanwhile, the firm’s MSTR shares will be added to the Nasdaq 100 stock index on Dec. 23. According to Google Finance data, the stock is down 3.08% as of press time to $353.

New board members

The latest acquisition follows the firm’s recent addition of three new board members, increasing the board’s size to nine.

According to a Dec. 20 SEC filing, MicroStrategy has added Brian Brooks, Jane Dietze, and Gregg Winiarski to its board. These individuals would bring extensive, diverse experience from major firms involved in digital assets to the Bitcoin-focused company.

Brooks, a familiar name within the crypto space, has held key roles at major crypto firms, including as the CEO of Binance.US and Chief Legal Officer at Coinbase. He also briefly served as the Acting Comptroller of the Currency under President Donald Trump’s first administration.

Conversely, Dietze has been Brown University’s Chief Investment Officer since 2018. She also has board experience with Galaxy Digital, a prominent digital asset firm.

Lastly, Winiarski further diversified the board’s capabilities by bringing sports collectibles and apparel industry expertise. He is the Chief Legal Officer at Fanatics, a privately held global digital sports platform.

The post MicroStrategy invests $561 million in Bitcoin amid market pullback appeared first on CryptoSlate.

origin »

Bitcoin (BTC) на Currencies.ru

$ 82471.05 (-0.32%)
Объем 24H $14.29b
Изменеия 24h: 0.45 %, 7d: -3.26 %
Cегодня L: $82166.39 - H: $83497.78
Капитализация $1636.566b Rank 1
Цена в час новости $ 93191.43 (-11.5%)

bitcoin market microstrategy 561 million exchange commission

Источник: cryptoslate.com

bitcoin market → Результатов: 126


Фото:

Bitcoin outlook strengthens as USDT market cap expands and indicators enter oversold zone

The outlook for Bitcoin (BTC) is showing signs of improvement as stablecoin liquidity increases and key market indicators signal a potential reversal of the recent deep correction. CryptoQuant highlighted a significant expansion in the market capitalization of Tether USD (USDT), which usually leads to rising Bitcoin prices.

2025-3-14 00:24


Bitcoin’s Rising Dominance: Shifting Miner Activity and Growing Institutional Interest

Since 2023, Bitcoin’s dominance within the cryptocurrency market has been steadily climbing and is now over 70% of the combined market cap of the top 300 assets. This reflects both growing investor confidence and a strengthening position for the asset as the leading store of value in the digital world. Meanwhile, recent changes in miner [...]

2025-2-11 12:25


Фото:

Bitcoin rebounds above $95K after Monday’s plunge: what’s next for crypto market?

The cryptocurrency market is showing signs of resilience after a sharp downturn on Monday, with Bitcoin leading a partial recovery to climb above the $95,000 mark. Bitcoin had previously plummeted to a low of $89,000—its lowest level in 24 days—as traders anxiously awaited the release of the latest US Consumer Price Index (CPI) report. Major […]

2025-1-14 08:49


Фото:

Bitcoin’s bull market: how to read the signals in 2025

Bitcoin, rebounding powerfully from its bear market lows, has reasserted itself as a leading asset, significantly outperforming traditional financial markets in 2024. Fueled by the historic launch of Bitcoin ETFs in January, a new US administration seemingly supportive of the crypto industry, and the Federal Reserve’s shift toward easing monetary policy, Bitcoin’s resurgence has been […]

2025-1-1 12:39


Bitcoin Fees Drop 86% While Market Confidence Soars As Dominance Reaches New Highs

Despite an 86% plunge in Bitcoin transaction fees this quarter, market confidence remains resilient, with Bitcoin’s dominance hitting its highest level since April 2021. BTC's market share reached its highest since April 2021 this quarter Bitcoin's price traded mostly sideways throughout the quarter, while ETH and smaller tokens set new […]

2024-10-7 12:05


Bitcoin ‘Final Cycle Pump’ Puts Price As High As $200,000

Bitcoin (BTC) could be gearing up its last explosive rally of a four-year market cycle, which traditionally kicks off at the beginning of a halving event and culminates just before the next one. A crypto analyst has boldly predicted that the price of Bitcoin could surge to $200,000 and above, marking new All-Time Highs (ATHs) and the peak of the long-awaited bull market.

2024-9-23 03:01


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Nokia Launches Blockchain-Based Data Marketplace 

Nokia has announced the launch of its distributed ledger technology (DLT) powered data marketplace. The Finland-based mobile phone manufacturer says the new platform will facilitate secure data trading, while also making life easier for enterprises and communications service providers (CSPs), according to a press release on May 5, 2021.

Bitcoin Price Due For a Bounce According to ‘Nokia Curse’

It’s not uncommon for technical crypto analysts to compare Bitcoin price charts with that of other assets hoping to draw some comparisons that an actionable strategy can be derived from. The leading crypto asset by market cap has been closely following the price action of early Nokia stocks, and if Bitcoin continues to follow the.