MicroStrategy Acquires 2,138 Bitcoin As Value of the Firm’s BTC Stash Balloons to Over $27,000,000,000

The largest publicly traded corporate holder of Bitcoin ( BTC ) just added over 2,000 new tokens to its stash. According to MicroStrategy founder Michael Saylor, the software development firm just snagged 2,138 BTC worth approximately $209 million. “MicroStrategy has acquired 2,138 BTC for ~$209 million at ~$97,837 per Bitcoin and has achieved BTC yield of 47.8% QTD (quarter to date) and 74.1% YTD (year-to-date). As of 12/29/2024, we hodl 446,400 BTC acquired for ~$27.9 billion at ~$62,428 per Bitcoin.” Saylor included a link to the company’s SEC filing accompanying the BTC acquisition. Last week, MicroStrategy added three new seats to its board of directors. In a filing with the U.S. Securities and Exchange Commission (SEC), the enterprise software company said the number of its board members has increased to nine. “On December 20, 2024, the Board of Directors (the ‘Board’) of MicroStrategy Incorporated (the ‘Company’), upon recommendation from the Nominating Committee of the Board, expanded the size of the Board from six to nine members.” The following day, reports surfaced that MicroStrategy, along with governments and exchange-traded funds, owns nearly one-third of all known BTC holdings. The 31% of known BTC holdings owned by ETFs, governments and MicroStrategy represents a 14% increase from December 2023, according to Ki Young Ju , the founder and chief executive of the digital asset analytics firm CryptoQuant. The flagship digital asset is trading for $93,817 at time of writing, a 1.5% decrease on the day. Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post MicroStrategy Acquires 2,138 Bitcoin As Value of the Firm’s BTC Stash Balloons to Over $27,000,000,000 appeared first on The Daily Hodl .

The Daily Hodl

You can visit the page to read the article.
Source: The Daily Hodl