Editor's PiCK
MicroStrategy Adds 245 Bitcoins to Holdings… Some Voice Disappointment Over Small Purchase
Summary
- Michael Saylor, founder of MicroStrategy, announced that MicroStrategy has made an additional purchase of 245 bitcoins.
- MicroStrategy currently holds a total of 592,345 BTC (approximately $41.87 billion), and reported a 19.2% return for the year.
- Some disappointment was expressed in the market over the small purchase, and the price of Bitcoin reportedly fell by 1.48%.
MicroStrategy has reportedly acquired an additional 245 bitcoins (BTC).
On the 23rd (local time), Michael Saylor, founder of MicroStrategy, announced on X (formerly Twitter), "MicroStrategy has purchased an additional 245 BTC ($26 million)," adding, "The average purchase price per BTC was approximately $105,856." He continued, "We achieved a 19.2% return for this year."
MicroStrategy currently holds a total of 592,345 BTC. This amounts to roughly $41.87 billion, with an average purchase price of $70,681 per BTC.
However, some expressed disappointment. Before the announcement, Michael Saylor, the founder, had raised expectations for a large purchase on X by stating, "Nothing can stop the orange dot." The actual revealed quantity, however, was only about 250 BTC.
One X user questioned, "Does MicroStrategy lack funds?" while another commented, "That's weak. Metaplanet acquired four times more than you." Earlier the same day, Metaplanet had announced an additional purchase of 1,111 BTC.
As of 9:03 PM, based on the Binance USDT market, Bitcoin is trading at $101,182, down 1.48% from 24 hours ago.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit!["Will AI take our jobs?" Fear spreads…market rattled by a plunge in shares [New York Market Briefing]](https://media.bloomingbit.io/PROD/news/874408f1-9479-48bb-a255-59db87b321bd.webp?w=250)
