25 MicroStrategy Purchases Additional 3,000 BitcoinBusiness intelligence company MicroStrategy made another massive Bitcoin purchase on February 25th, 2024, adding 3,000 BTC to its corporate treasury. The purchase was confirmed by MicroStrategy CEO Michael Saylor via Twitter, stating that the company paid approximately $51533 for each Bitcoin, equaling over $155 million.This latest acquisition brings MicroStrategy’s total Bitcoin holdings up to a staggering 193,000 BTC, now worth over $11 billion based on current prices. The company has been steadily accumulating Bitcoin since 2020, buying the crypto asset any time it dips to bolster its corporate reserves. MicroStrategy’s average purchase price per Bitcoin now stands at $31,544. With Bitcoin’s price around $52,000 at the time of writing, the company is currently sitting on unrealized profits of $4.91 billion from its Bitcoin investment, a nearly 78% gain.MicroStrategy is now holding over 0.9% of the entire circulating supply of Bitcoin, a figure that is expected to continue growing. CEO Michael Saylor has been unequivocally bullish on Bitcoin, stating he aims to keep buying more as part of MicroStrategy’s corporate strategy. The NASDAQ listed company has paved the way for other public companies to add Bitcoin to their balance sheets. However, no other organization comes close to MicroStrategy’s gargantuan Bitcoin stash.Saylor’s diamond hands strategy continues to pay off handsomely for MicroStrategy. As more institutional investors jump on the Bitcoin bandwagon, enabled by supportive regulations, it seems MicroStrategy’s first-mover advantage has given it a substantial head start over would-be competitors. With almost 200,000 Bitcoin in its corporate treasury and no signs of slowing down, MicroStrategy remains the undisputed whale of enterprise Bitcoin accumulation.Read More CryptoNews: MicroStrategy’s Q1 2024 | MKR Price Surge | MKR/USDT Elliott Wave AnalysisJoin Telegram: https://t.me/OfficialCryptoPatel Join X ( Former Twitter ): https://twitter.com/CryptoPatel
