MicroStrategy’s Bitcoin Stash Soars to $22 Billion
MicroStrategy has seen its Bitcoin holdings soar in value, surpassing $22 billion as Bitcoin’s price surged above $82,000.
The business intelligence company now holds 279,420 BTC , worth approximately $22.9 billion, reflecting a 110% gain on its investment.
This remarkable growth stems from MicroStrategy’s consistent Bitcoin accumulation strategy, with an average purchase price of $39,292 across 42 separate buys.
As the largest corporate Bitcoin holder, MicroStrategy leads the way, far outpacing companies like Marathon Digital and Riot Platforms, which have holdings valued at $2.1 billion and $840 million, respectively.
READ MORE:
Bitcoin Breaks $82,000 – Bullish Trend ContinuesThe company has ambitious plans to expand its Bitcoin portfolio even further, aiming to raise $42 billion over the next three years through its “21/21” initiative, which combines $21 billion in equity with $21 billion in fixed-income securities.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
PayPal Brings Crypto Into New P2P Payments
Chinese Firm Next Technology Selling $500M Stock To Buy Bitcoin
A strange phenomenon emerges in the US: the job market cools down while the US stock market repeatedly hits new highs
The U.S. stock market is currently experiencing an extremely peculiar, even "pathological" scenario, which JPMorgan has described as a "bizarre case of jobless expansion."
Witnessing history again! Gold breaks above 3,690 intraday—will it hit 4,000 next year?
Gold prices have surged nearly 40% so far this year. Analysts say the speed of the rally has exceeded everyone's expectations, but a pullback is likely before reaching the $4,000 milestone.
Trending news
MoreCrypto prices
More
