{"id":540162,"date":"2023-06-28T20:00:09","date_gmt":"2023-06-28T20:00:09","guid":{"rendered":"https:\/\/wncen.com\/?p=540162"},"modified":"2024-06-11T08:16:01","modified_gmt":"2024-06-11T08:16:01","slug":"michael-saylor-doubles-down-on-bitcoin-adds-12333-btc-to-microstrategys-holdings","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/michael-saylor-doubles-down-on-bitcoin-adds-12333-btc-to-microstrategys-holdings\/","title":{"rendered":"Michael Saylor Doubles Down On Bitcoin, Adds 12,333 BTC To MicroStrategy’s Holdings"},"content":{"rendered":"
MicroStrategy, a publicly traded software company, has once again invested heavily in Bitcoin, adding another 12,333 BTC to its already substantial holdings.\u00a0<\/span><\/p>\n The purchase, which was <\/span>announced <\/span><\/a>by the company’s former CEO Michael Saylor, cost around $347 million at an average price of $28,136 per Bitcoin.<\/span><\/p>\n As of June 28th, MicroStrategy now owns a total of 152,333 Bitcoin, which were acquired at an average purchase price of $29,668, for a total cost of approximately $4.52 billion. This latest purchase reaffirms the company’s bullish stance on BTC, with MicroStrategy now owning one of the largest Bitcoin holdings of any publicly traded company.<\/span><\/p>\n MicroStrategy has acquired an additional 12,333 BTC for ~$347.0 million at an average price of $28,136 per #bitcoin<\/a>. As of 6\/27\/23 @MicroStrategy<\/a> hodls 152,333 $BTC<\/a> acquired for ~$4.52 billion at an average price of $29,668 per bitcoin. $MSTR<\/a> https:\/\/t.co\/joHo1gEnR0<\/a><\/p>\n \u2014 Michael Saylor\u26a1\ufe0f (@saylor) June 28, 2023<\/a><\/p><\/blockquote>\n MicroStrategy’s decision to invest heavily in Bitcoin has been a topic of discussion and debate within both the traditional financial world and the cryptocurrency community. The company’s former CEO, Michael Saylor, has been a vocal advocate for BTC, frequently extolling its virtues as a store of value and an inflation hedge.<\/span><\/p>\nMicroStrategy Goes All-In On Bitcoin<\/span><\/h2>\n
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