Following the firm’s most recent acquisition, Michael Saylor’s MicroStrategy now holds 189,150 Bitcoin (BTC) worth an astounding $8.1 billion. Indeed, Saylor recently unveiled the software firm’s 14,620 BTC acquisition as of December 26th, propelling the total worth of the holdings.
The company has continued to embrace the acquisition of Bitcoin as a key strategy. Subsequently, purchases over the last month have catapulted the overall worth. Altogether, the firm has been accumulating the asset since 2020, behind Bitcoin advocate and CEO Michael Saylor.
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Michael Saylor’s MicroStrategy Bitcoin Holdings Worth $8 Billion
2023 has certainly been an exciting year for the digital asset sector. The potential approval of a spot Bitcoin ETF is just on the horizon, as the market is optimistic about what the coming year could bring. Subsequently, one company that is certain to continue benefiting has not wavered in its advocacy and faith in the most prominent digital asset, Bitcoin.
Michael Saylor’s MicroStrategy now holds 189,10 Bitcoin (BTC) worth more than $8 billion. Indeed, the massive accumulation of tokens was propelled today when Saylor announced his most recent acquisition. Specifically, from November 30th to December 26th, the company acquired 14,620 BTC for more than $615 million.
Also Read: Bitcoin: Microstrategy Stock Reaches 2-year High After BTC Surge
The company has consistently stated that its Bitcoin investment is part of its long-term strategy. Moreover, they have shown no signs of slowing down the effort to increase their holdings. Throughout the years its shares have increased by more than 300%, with that price up another 3.2% today.
The efforts may only be an even greater benefit as a decision on a spot Bitcoin ETF is expected next month. Indeed, if the approval does kick off the new year, Microstrategy could see its value surge. Many predict Bitcoin itself to experience a rally never before seen from the digital asset.