Bitcoin treasury company Microstrategy announced another BTC purchase on Monday, bringing the total stash of the leading cryptocurrency to over $46.
According to Monday's announcement, the company i bought Between December 9th and December 15th, 15,350 bitcoins at a current value of $46.6 billion will hold a total of 439,000 BTC. MicroStrategy recently bought bitcoin at an average of $100,386 per coin, bringing its spending for the week to more than $1.5 billion.
The company has Accelerated His bitcoin buy this year is due to rising demand for his stock (NASDAQ: MSTR ).
On Friday, Nasdaq announced that it will do a micro-strategy joining Nasdaq 100 – An index of the top 100 non-financial companies on the Nasdaq Composite Index. The move will take effect before markets open next Monday, December 23.
The list is huge for the crypto industry, as the space shows more mainstream adoption.
MicroStrategy, formerly a quiet technology company, focused solely on selling data analysis software. Now, it's mostly bitcoin buys and guarantees: investors buy shares of the company to gain exposure to the larger cryptocurrency at market value.
It is the largest corporate owner of cryptocurrency.
Microstrategy stock is up nearly 3% today at $419.60. Last year it increased by more than 600%. And since the company bought Bitcoin for the first time in 2020, the company's shares have increased by 3,300%.
The firm's founder and executive chairman, Michael Saylor, says assets are the best way to preserve wealth and generate returns for shareholders, as opposed to buying gold, real estate or tech stocks.
The price of Bitcoin Now it's stopped At $106,387 per penny – currently the all-time high price for the property, it's slightly higher than the record set on Sunday.
Following the election of US President-elect Donald Trump on November 5, the largest and oldest digital asset surged.
Edited by Andrew Hayward
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