MicroStrategy has just made the largest Bitcoin purchase in its history: Michael Saylor's firm paid $4.6 billion to acquire 51,7820 BTC. As of this writing, the company holds nearly $30 billion worth of Bitcoin, and it doesn't plan to stop there.
MicroStrategy now holds nearly $30 billion worth of Bitcoin
Who said that a rise in the price of Bitcoin would worry MicroStrategy? The company's co-founder and executive chairman, Michael Saylor, reported on This is MicroStrategy's largest investment to date in the cryptocurrency king.
The company's ambitions seem incommensurable: she currently holds a total of 331,200 BTC acquired for approximately $16.5 billion. At the current price of BTC, the firm can boast of having doubled its stake, since its Bitcoins are now worth nearly 30 billion dollars. A more than successful DCA, in short.
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Representation of the different Bitcoin purchase points by MicroStrategy
MicroStrategy financed its latest investment by issuing and selling $4.6 billion worth of stock between November 11 and 13. According to the same document attesting to its BTC purchase, the firm still has $15.3 billion in shares available for sale.
Note that these colossal investments in Bitcoin should theoretically continue, on the one hand for its remaining shares to be issued, but also because MicroStrategy recently revealed its “21/21 plan”, which consists of raising 42 billion dollars over 3 years to acquire even more BTC.
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MicroStrategy is now the company that holds the most BTC in the worldfollowed by MARA Holdings which holds 27,562, then Riot Platforms, which holds 10,928. The strategy of the firm co-founded by Michael Saylor, long shunned, is today copied: the Japanese company Metaplanet is one of them. the best example, multiplying investments in BTC.
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