U.Today - MicroStrategy has an additional 14,620 Bitcoins for approximately $615.7 million.
This purchase, which was announced earlier this Wednesday, was made at an average price of about $42,110 per Bitcoin, inclusive of fees and expenses.
The acquisition took place over a period from Nov. 30 to Dec. 26, involving MicroStrategy and its subsidiaries.
A $6 billion Bitcoin fortune
With this latest investment, MicroStrategy's total Bitcoin holdings now stand at approximately 189,150 Bitcoins, acquired at an aggregate purchase price of around $5.895 billion and an average price of approximately $31,168 per .The price of the flagship cryptocurrency is currently sitting at $42,862, according to CoinGecko data.
This major investment follows a substantial made by MicroStrategy in November. The company had previously announced the acquisition of 16,130 Bitcoins, totaling about $593.3 million.
MicroStrategy began buying Bitcoin in August 2020. This marked the start of the company's strategic shift to adopt Bitcoin as a primary treasury reserve asset.
Unfazed by Bitcoin ETF (TSX:EBIT) frenzy
In a recent Bloomberg , MicroStrategy's executive chair and co-founder Michael Saylor confidently stated that the advent of Bitcoin ETFs in the U.S. won't dampen the allure of MicroStrategy for investors keen on Bitcoin exposure.Saylor's argument hinges on a unique value proposition: unlike the upcoming ETFs, which don't employ leverage and tack on fees, MicroStrategy offers a leveraged, no-fee route for those bullish on Bitcoin.
His strategy for MicroStrategy involves not just accumulating Bitcoin but also employing financial tactics like securing zero-interest loans to enhance its Bitcoin investment strategy.