Michael Saylor’s MicroStrategy purchased 14,620 Bitcoin for $615 million.

MicroStrategy, a leading business intelligence and software company, continues its unwavering commitment to Bitcoin by purchasing an additional 14,620 BTC for a total cost of $615.7 million, Founder and Chairman Michael Saylor announced today. The purchase comes as the price of Bitcoin is experiencing upward momentum, reaching highs above $42,000.

The company first entered the Bitcoin market in August 2020, making a significant initial investment of $250 million in BTC. Since then, they have continuously increased their Bitcoin holdings, establishing a treasury reserve strategy that has resulted in over 189,150 Bitcoins worth over $8.11 billion at the time of this writing.

“On December 27, 2023, MicroStrategy Incorporated (“MicroStrategy”) announced that, during the period between November 30, 2023 and December 26, 2023, MicroStrategy, together with its subsidiaries, had approximately $615.7 million in cash and approximately 14,620 units. Announced that it had acquired Bitcoin. The average price per Bitcoin, including fees and expenses, is approximately $42,110,” MicroStrategy said. “As of December 26, 2023, MicroStrategy, together with its subsidiaries, held a total of approximately 189,150 Bitcoins, for a total purchase price of approximately $5.895 billion and an average purchase price of approximately $31,168 per Bitcoin (including fees and commissions). Acquired. guard.”

With the fourth Bitcoin halving fast approaching and the first U.S. spot Bitcoin ETF possibly approved early in the new year, MicroStrategy continues its aggressive Bitcoin investment strategy with no signs of slowing down.