MicroStrategy Announces Weekly Bitcoin (BTC) Purchase, Price Drops!

MicroStrategy has made its weekly Bitcoin (BTC) purchase, purchasing 5,262 Bitcoins for $561 million in cash. MicroStrategy founder Michael Saylor announced in a statement that the company purchased 5,262 BTC worth $561 billion. “MicroStrategy purchased 5,262 BTC for $561 million at a cost of approximately $106,662 and achieved a BTC return of 47.4% and 73.7% YTD. As of 12/22/2024, we hold 444,262 BTC purchased at an average price of $62,257 for approximately 27.7 billion. MicroStrategy has been announcing its new purchases every Monday in recent weeks. While the Bitcoin price reacted to these purchases, the BTC price fell after the purchase news and fell below $95,000. *This is not investment advice. Continue Reading: MicroStrategy Announces Weekly Bitcoin (BTC) Purchase, Price Drops!