Bitcoin price today reached a new all-time high of $98,308 before slightly retreating to trade at $96,722.
Browsing: MicroStrategy
Read More
MicroStrategy began its Bitcoin acquisition strategy in August 2020, citing concerns over inflation and the weakening purchasing power of cash reserves.
MicroStrategy currently holds 214,400 bitcoins, acquired at an average price of $35,158 each.
“We believe it has unique characteristics as a scarce and finite asset that can serve as a reasonable inflation hedge and safe haven amid global instability,” Semler mentioned in the filing.
Looking forward, the company is banking on its dual strategy of technological innovation and Bitcoin investment to stabilize its financial position.
MicroStrategy’s situation is particularly noteworthy given its massive holdings in Bitcoin.
With a total of 158,245 BTC acquired at an average price of $29,582 per Bitcoin, MicroStrategy’s holdings now value approximately $4.68 billion as of September 24, 2023.
MicroStrategy now holds a total of 152,333 BTC, which were acquired for approximately $4.52 billion, with an average price of $29,668 per Bitcoin.
United States, June 14, 2021 /AlexaBlockchain/ – MicroStrategy has announced $1 billion stock offering and may use some of the proceeds to buy more Bitcoin. This news comes hours after…
United States, Feb 25, 2021 /AlexaBlockchain/ – MicroStrategy said it will continue buying Bitcoin using “excess cash” and may issue more debt to finance the purchases. Shares of MicroStrategy jumped…