MicroStrategy Snaps Up 15,350 BTC, Investing $5.1B in Bitcoin This Month Amid Major Price Rally
Software service firm MicroStrategy has made a fresh Bitcoin acquisition as the premier asset continues to achieve new price milestones.Today, MicroStrategy invested an additional $1.5 billion to acquire 15,350 units of Bitcoin at an average cost of $100,386 per unit. Michael Saylor, the company's chairman, announced this latest acquisition via a tweet a few hours ago.MicroStrategy Deploys $5.1B in Bitcoin So Far in DecemberThis acquisition coincides with Bitcoin reaching an all-time high of $106,488 today. Although a brief pullback has followed the peak, Bitcoin continues to trade above $105K at press time.Notably, this marks the first instance in which MicroStrategy has purchased Bitcoin in the $100K price range. Just seven days ago, the company acquired 21,550 units of Bitcoin for $2.1 billion. This particular investment followed one made the previous week when MicroStrategy bought 15,400 BTC for $1.5 billion.Essentially, MicroStrategy has bought Bitcoin for three consecutive weeks in December. In total, it has committed $5.1 billion toward acquiring Bitcoin this month alone, adding 52,300 BTC to its portfolio.Following todays investment, MicroStrategy now holds 439,000 BTC tokens, which it has acquired for $27.1 billion since 2020. This puts its average cost per unit at $61,725 per BTC.Notably, MicroStrategys Bitcoin portfolio is seeing an unrealized profit of $18.77 billion, bringing the total valuation to $45.85 billion. At current holdings, the company controls 2.21% of Bitcoins circulating supply. It has also posted a quarter-to-date return of 46.4% and a year-to-date profit of 72.4%.
Text source: The Crypto Basic
