Guess who’s back in the Bitcoin spotlight? None other than Michael Saylor and his brainchild, MicroStrategy! These guys are on a Bitcoin buying spree like no other, setting records left and right. Just when you thought they couldn’t top their last purchase, they swoop in with a jaw-dropping haul of 55,500 BTC. Talk about starting the week with a bang!
This time, they’ve snagged their Bitcoin at a sweet average price of just under $98,000 per coin. With this latest addition, their treasure chest now holds a whopping 386,700 BTC. In total, they've shelled out close to $22 billion for their crypto stash. But here’s the kicker – with Bitcoin’s current value, MicroStrategy’s hoard is now worth nearly $38 billion. That’s a cool $16 billion in paper profit!
MicroStrategy’s former CEO, Michael Saylor, shared the exciting news, proudly announcing their latest conquest. It seems like every Monday, they’re making headlines with another mega Bitcoin buy. Last week, they made waves with a $4.6 billion purchase, and now they’ve outdone themselves again!
The company’s bold Bitcoin strategy has sent their stock prices soaring. Since the beginning of the year, MicroStrategy’s shares have skyrocketed over 500%, even with recent market dips. In fact, their trading volumes have even outpaced giants like Apple, Amazon, and Meta. Who would’ve thought Bitcoin could steal the show from tech titans?
So, keep an eye on MicroStrategy, because they’re not slowing down anytime soon. Their daring moves in the Bitcoin world are setting the stage for an exciting financial drama that could keep us all on the edge of our seats!
