‘Buying the top forever’ — MicroStrategy bags 21.5K Bitcoin at peak prices
MicroStrategy keeps stacking Bitcoin despite BTC hitting all-time high prices, with its co-founder Michael Saylor confident that his company will still buy it at $1 million per coin.
MicroStrategy, one of the largest corporate holders of Bitcoin, continues stacking BTC despite the cryptocurrency surging to new all-time high prices above $100,000.
MicroStrategy acquired 21,550 BTC for $2.1 billion from Dec. 2–8 at an average price of $98,783 per BTC, the company officially announced on Dec. 9.
As of Dec. 8, MicroStrategy held a total of 423,650 BTC acquired for $25.6 billion at $60,324 per BTC, MicroStrategy co-founder and former CEO Michael Saylor said in a statement on X.
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Author: Helen Partz
