Michael Saylor announced that his business intelligence firm acquired 21,550 BTC for the company’s reserve fund.
Microstrategy is a business intelligence firm. Under the leadership of Michael Saylor, co-founder & former CEO of MicroStrategy, this company has been buying Bitcoin continuously intending to make Microstrategy a Bitcoin millionaire company.
On 9 Dec 2024, Michael Saylor announced the acquisition of 21,550 BTC for nearly $2.1 billion at a trade price of $98,783 per BTC.
With this new purchase, Microstrategy is now holding a net of 423,650 $BTC.
With this holding, Microstrategy has an unrealised gain of $16.4 billion. The company spent an average of $60,324 per bitcoin to acquire 423,650 BTC.
Increasing Bitcoin buy efforts & unrealised holding profit creating FOMO among the big players to buy Microstrategy ($MSTR) stocks. For example, today, Abel Hall LLC purchased 1,382 Shares of MicroStrategy.
BlackRock holds 2.5% Bitcoin supply
The world’s top fund manager currently holds 500,000 BTC on behalf of the Bitcoin spot ETF (IBIT) buyers. This amount of Bitcoin is nearly equal to 2.5% supply of the total supply of Bitcoin.
In a “Digital Assets conference” Brazil 2024, BlackRock leadership said that the adoption speed of Bitcoin & blockchain technology has been faster over the internet and cellphones.
Big companies to buy Bitcoin
As per speculations, amid the increasing fomo around Bitcoin, the world’s top companies like Apple, Microsoft, and Google may show an inclination toward Bitcoin investment. However, so far, no CEO of such big companies has shown intention to adopt this innovative sector.
Read also: Amazon shareholders demand Amazon to buy Bitcoin (BTC)