“From December 23 to 29, MicroStrategy acquired 2,138 BTC for ~$209 million at an average price of about $97,837 per coin. Quarterly profitability of investments shows 47.8% growth, annual – 74.1%. MicroStrategy has acquired 2,138 BTC for ~$209 million at ~$97,837 per bitcoin and has achieved BTC Yield of 47.8% QTD and 74.1% YTD. As of 12/29/2024, we hodl 446,400 $BTC acquired for […]”, — write: businessua.com.ua
From December 23 to 29, MicroStrategy acquired 2,138 BTC for ~$209 million at an average price of about $97,837 per coin. Quarterly return on investment shows 47.8% growth, annual — 74.1%.
MicroStrategy has acquired 2,138 BTC for ~$209 million at ~$97,837 per bitcoin and has achieved BTC Yield of 47.8% QTD and 74.1% YTD. As of 12/29/2024, we hodl 446,400 $BTC acquired for ~$27.9 billion at ~$62,428 per bitcoin. $MSTR https://t.co/58aXM7g6u2
— Michael Saylor⚡️ (@saylor) December 30, 2024
As of December 29, the company holds 446,400 BTC on balance, purchased for a total of $27.9 billion at an average price of $62,428 per coin.
Bitcoin critic Peter Schiff, president of Euro Pacific Capital, in a comment under Michael Saylor’s post, pointed out that MicroStrategy is buying fewer coins with big money, which is not able to support the rise in the price of the first cryptocurrency.
Once again you’ve announced a smaller buy at an average price that’s above the current price. You’re no longer buying enough Bitcoin to keep the price rising.
— Peter Schiff (@PeterSchiff) December 30, 2024
According to Bloomberg Terminal, public companies Metaplanet and KULR, which previously invested in bitcoins, became leaders of growth among shares of all companies in the world with a market capitalization of $250 million or more. MicroStrategy ranks 17th on the list.
What a Bitcoin Standard can do for your company: @Metaplanet_JP is the best-performing public equity in the world! (among firms with over $250M market cap and $50M+ in average daily trading volume)
The Bitcoin flywheel effect is real 💫 pic.twitter.com/r2hidMgK9O
— Simply Bitcoin (@SimplyBitcoinTV) December 29, 2024
We will remind you that in 2025, the shareholders of Michael Saylor’s company will vote on a proposal to increase the number of securities as part of the implementation of the “21/21” Plan for the purpose of buying bitcoins.
According to JPMorgan, in the second half of the year, public miners of the first cryptocurrency increasingly resorted to MicroStrategy’s strategy of accumulating digital gold.
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