MicroStrategy Increases Bitcoin Holdings: Invests Another $1.5 Billion
Michael Saylor’s MicroStrategy has announced a fresh Bitcoin purchase, bringing the company’s total holdings to an impressive 439,000 BTC.
MicroStrategy Adds 15,350 BTC to Its Portfolio
MicroStrategy remains a significant player in this Bitcoin bull run. As the cryptocurrency’s price continues to soar, the firm has demonstrated unwavering confidence by making another substantial investment. Between December 9th and 15th, the company purchased 15,350 BTC for approximately $1.5 billion, at an average price of $100,386 per coin.
This latest acquisition marks MicroStrategy’s sixth purchase during this bull cycle. Although smaller in BTC terms compared to previous buys, the purchase reflects its highest dollar value due to Bitcoin’s ongoing price surge.
MicroStrategy’s Bitcoin Accumulation Strategy
A chart shared by CryptoQuant analyst Maartunn highlights MicroStrategy’s consistent buying strategy throughout recent months. The company’s total holdings now stand at 439,000 BTC, showing accelerated accumulation compared to the 2021 bull run. MicroStrategy’s investments since inception have totaled $27.1 billion, with an average purchase price of $61,725 per Bitcoin.
Thanks to Bitcoin’s current rally, the company’s holdings have appreciated significantly, placing MicroStrategy’s profit margin above 72% at the time of writing.
Bitcoin Market Behavior
In related news, Bitcoin has surged to a new all-time high (ATH), surpassing the $106,000 mark. On-chain analytics firm Glassnode recently introduced its Cost Basis Distribution (CBD) tool, offering insights into investor activity at various price levels.
The data reveals significant accumulation between the $96,000 and $100,000 range, with particularly high activity clustering around the $97,000 to $98,000 zone, where 500,000 BTC were last transacted. However, levels above $103,000 remain thin, indicating limited supply clusters so far.
Bitcoin Price Update
As of the latest data, Bitcoin trades at around $106,400, representing an 8% gain over the past week. MicroStrategy’s ongoing confidence in Bitcoin highlights its role as a key institutional driver in the market’s current upward momentum.
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