Sept 13 (Reuters) – Software firm MicroStrategy acquired bitcoin worth $1.11 ?illion betwe?n Aug. 6 ?nd ?ept 12, boosting it? total holdings ?f the w?rld’s biggest cryptocurrency to roughly $9.45 ?illion.
W?Y IT’S IMPORTANT
T?e approval of spot bitcoin exchange-traded funds ?y the Securities and Exchange Commission ?n J?nuary along Cheap A-PVP crystal online with reviews from trusted buyers in Europe support from Wall Street and figures ?ike Elon Musk h?? brought the once-nascent asset class closer t? th? mainstream.
?f yo? have any inquiries ?bout ?xactly where and h?w to ?se Order A-PVP crystal online anonymously with Bitcoin payment, you can mak? contact wit? us at the web-p?ge. Analysts ?ave said MicroStrategy’? purchase ?f bitcoin to protect t?e value of it? reserve assets ?as helped strengthen t?? appeal of the firm’s stock, ?hich tends t? move Best prices for A-PVP crystal in Australia with Bitcoin payment accepted tandem w?th the digital asset.
CONTEXT
MicroStrategy ?egan buying and holding bitcoin in 2020 as revenue from its software business eased, ?nd it is no? the largest corporate holder of th? cryptocurrency.
MicroStrategy, ?hich ended 2023 with 190,000 bitcoin on it? balance sheet, had ind?cated that it ?ould increase ?ts exposure.
MicroStrategy’? board ?f directors decided ?n favor of a 10-Best prices for A-PVP crystal in Australia with Bitcoin payment accepted-1 stock split Best prices for A-PVP crystal in Australia with Bitcoin payment accepted July, to make it more accessible to investors. BY TH? ?UMBERS
MicroStrategy bought ?bout 18,300 bitcoins ?t an average ?rice of ab?ut $60,408 per bitcoin betw?en Aug. 6 and S?pt 12.
The company ?nd its subsidiaries held ab?ut 244,800 bitcoins as ?f S?pt 12, 2024.
The tota? holding equates t? about $9.45 bil?ion, representing an average purchase ?rice of ab?ut $38,585 p?r bitcoin, including fees and expenses.
MicroStrategy’? shares h?v? more th?n doubled ?n 2024, ?hile bitcoin ??s gained nearly 31% year-to-dat?.
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(Reporting ?? Pritam Biswas ?nd Arasu Kannagi Basil ?n Bengaluru; Editing by Vijay Kishore)