• MicroStrategy will increase its Bitcoin holdings by buying a further 2,138 BTC
• That is the eighth consecutive week {that a} US-listed firm has bought Bitcoin.
• MicroStrategy's announcement comes a day after Michael Saylor posted the corporate's BTC tracker.

MicroStrategy, the world's largest publicly traded holder of Bitcoin (BTC), has introduced the acquisition of its flagship digital asset.

The corporate, which grew to become often known as the Bitcoin developer for its BTC hoardings, revealed its newest acquisition on December thirtieth.

MicroStrategy buys BTC once more

Within the announcement, the corporate revealed that it scooped 2,138 Bitcoins for 8 consecutive weeks of BTC acquisitions for $209 million. The corporate used proceeds from the market share sale, which now totals greater than $6.88 billion.

MicroStrategy acquired 2,138 BTC for about $209 million at roughly $97,837 per Bitcoin, attaining a BTC yield of 47.8% QTD and 74.1% YTD. As of December 29, 2024, we’ve 446,400 folks $BTC It was acquired for about $27.9 billion at roughly $62,428 per Bitcoin. $MSTR https://t.co/58aXM7g6u2

— Michael Saylor ⚡️ (@saylor) December 30, 2024

Michael Saylor, MicroStrategy's founder and govt chairman, posted the corporate's BTC tracker on December 29, fueling hypothesis about at this time's announcement.

In its most up-to-date BTC acquisition, MicroStrategy spent roughly $97,837 per BTC. With this acquisition, MicroStrategy extends its lead because the world's largest holder of Bitcoin amongst publicly traded firms. It at present holds 446,400 BTC, with a complete worth of $27.9 billion, acquired at a mean buy value of $62,428 per Bitcoin.

In complete, the corporate's BTC yield was 47.8% quarter-to-date and 74.1% year-to-date.

Regardless of the purchases, Bitcoin value stays unfavourable within the day by day and weekly time frames, buying and selling at round $93,114 on the time of writing. In line with CoinMarketCap, BTC has fallen 1.8% previously 24 hours and a pair of.6% previously week.

In the meantime, MicroStrategy shares, which soared after the corporate joined the Nasdaq 100, fell 13.3% in premarket buying and selling. MSTR closed at $330 on December twenty seventh, however was hovering round $319 as of 8:30 ET on December thirtieth.