Hold onto your hats, Bitcoin fans, because Monday just got a whole lot more exciting! MicroStrategy, the company that's become synonymous with Bitcoin buying sprees, has just snagged another whopping $1.5 billion worth of BTC. That's right, folks, they've added 15,400 shiny new Bitcoins to their already massive collection, now totaling over 400,000 BTC!
The well-known Bitcoin aficionado Adam Back couldn't help but give a thumbs-up to this bold move, calling the average buying price of $95,976 a sweet deal. And who could blame him? With a return of 38.7% this quarter and a whopping 63.3% year-to-date, MicroStrategy is sitting pretty on a digital goldmine!
This marks the third Monday in a row that MicroStrategy has made headlines with their jaw-dropping Bitcoin purchases. While this week's buy is impressive, it still doesn't top last week's record-breaking haul of 55,500 BTC worth a staggering $5.4 billion.
With their latest acquisition, MicroStrategy's Bitcoin treasure trove is now valued above $38 billion, with an average purchase price of $58,263 per coin. Talk about playing the long game! They've poured nearly $23.5 billion into their Bitcoin holdings, and with current prices hovering over $95,000, they're looking at a paper profit of around $15 billion.
Adam Back chimed in with a cheeky comment, pointing out that those who sold their BTC under $100,000 to Saylor and MicroStrategy might be feeling a bit like “suckers” right now. So, a big round of applause for MicroStrategy, showing us all how it's done in the wild world of Bitcoin!
