BlockNews
FOLLOW ON X
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
Home CRYPTO

MicroStrategy MSTR Buys an Additional 11,931 Bitcoin (BULLISH!)

by Sham
June 20, 2024
in CRYPTO
Reading Time: 2 mins read
A A
1
SHARES
21
VIEWS
Share on XShare in TelegramShare on Reddit

• MicroStrategy, led by Michael Saylor, acquired an additional 11.9K bitcoins for $786M
• The company now holds a total of 226,331 bitcoins worth just shy of $15 billion
• The acquisition further solidifies MicroStrategy’s position as the largest corporate holder of bitcoin

MicroStrategy, led by CEO Michael Saylor, has purchased another 11,890 bitcoins for about $786 million in cash according to a press release on Thursday morning.

ICYMI: MicroStrategy $MSTR has acquired an additional 11,931 #Bitcoin for $786 million

— BlockNews.com (@blocknewsdotcom) June 20, 2024

Company Now Holds Over 226,000 Bitcoins

The company now holds approximately 226,331 bitcoins acquired for $4.96 billion at an average price of $21,925 per bitcoin.

“The company’s bitcoin acquisition strategy is aimed at making MicroStrategy the strongest, most secure version of a bitcoin spot exchange traded fund,” said Saylor.

Bitcoin Price Surges

Bitcoin’s price has surged recently, with the digital asset trading around $23,800 at time of writing.

The flagship cryptocurrency is still down about 70% from its all-time high of nearly $69,000 hit last November.

MicroStrategy’s Massive Bitcoin Hoard

With its latest bitcoin acquisition, MicroStrategy now holds approximately 114,042 bitcoins that were purchased at an average price of $30,664 per token.

MicroStrategy, the largest independent publicly-traded business intelligence company, has been aggressively buying bitcoin since August 2020.

Saylor views bitcoin as a long-term store of value and says the asset will provide a hedge against inflation.

Disclosure

MicroStrategy is a publicly traded company headquartered in Virginia. It provides business intelligence, mobile software, and cloud-based services.

The company has purchased over $4 billion in bitcoin to date as part of its corporate strategy. Bitcoin is a decentralized digital currency that uses blockchain technology.

Tags: BitcoinBusinessMichael SaylorMicrostrategyMSTR
TweetShareShare
Previous Post

Bitcoin Miner Reserves Hit 14-Year Low as Industry Adapts to New Economic Realities

Next Post

Donald Trump is Not Involved with the Solana Memecoin DJT

DON'T MISS THESE! HOT OFF THE PRESS

Toncoin and Telegram: The Sleeping Giant of 2025?
BITCOIN

Toncoin and Telegram: The Sleeping Giant of 2025?

July 1, 2025
Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL
BITCOIN

Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

July 1, 2025
SEC Plans Shortcut for Crypto ETFs With New Listing Rules
CRYPTO

SEC Plans Shortcut for Crypto ETFs With New Listing Rules

July 1, 2025
Connecticut Bans Bitcoin and Crypto for Government Funds
BITCOIN

Connecticut Bans Bitcoin and Crypto for Government Funds

July 1, 2025
Shiba Inu: Turning $3,000 into $10,000 – The Math Behind the Meme
CRYPTO

Shiba Inu: Turning $3,000 into $10,000 – The Math Behind the Meme

July 1, 2025
FARTCOIN Surges 148%—Is the Meme Just the Beginning?
CRYPTO

FARTCOIN Surges 148%—Is the Meme Just the Beginning?

July 1, 2025
Load More

Related News

Toncoin and Telegram: The Sleeping Giant of 2025?

Toncoin and Telegram: The Sleeping Giant of 2025?

July 1, 2025
Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

July 1, 2025
SEC Plans Shortcut for Crypto ETFs With New Listing Rules

SEC Plans Shortcut for Crypto ETFs With New Listing Rules

July 1, 2025
Donald Trump Threatens Elon Musk with DOGE Audit

Donald Trump Threatens Elon Musk with DOGE Audit

July 1, 2025
Jerome Powell Says July May be Too Early for Rate Cuts, But Doesn’t Rule it Out

Jerome Powell Says July May be Too Early for Rate Cuts, But Doesn’t Rule it Out

July 1, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano Chainlink China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • HOME
  • CRYPTO
  • MEMECOINS
  • TECHNOLOGY
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.