MicroStrategy Announces First Bitcoin Purchase With BTC Prices Above $100K

Michael Saylor, MicroStrategy’s BTC champion, has introduced one other huge bitcoin buy from the corporate he co-founded, which is definitely the primary with the asset’s worth above $100,000.

Apparently, Peter Schiff was fast to intercept the announcement with one other criticism towards Saylor, his firm, and BTC.

MicroStrategy has acquired 15,350 BTC for ~$1.5 billion at ~$100,386 per #bitcoin and has achieved BTC Yield of 46.4% QTD and 72.4% YTD. As of 12/15/2024, we hodl 439,000 $BTC acquired for ~$27.1 billion at ~$61,725 per bitcoin. $MSTR https://t.co/SaWLNBVkrl

— Michael Saylor⚡️ (@saylor) December 16, 2024

As Saylor’s submit reads, the NASDAQ-listed big spent roughly $1.5 billion to accumulate 15,350 BTC at a median worth of $103,386. The agency’s complete stash has grown to 439,000 BTC, valued at properly above $44 billion at present costs, whereas it spent $27.1 billion to accumulate it.

MicroStrategy’s BTC yield has grown to 46.4% prior to now quarter alone, with the quantity standing above 72% for the whole yr.

Thus, the corporate has continued a current tradition that began a number of weeks in the past: saying huge purchases value over $1 billion on Monday.

One other factor that didn’t change this week is the vocal criticism of well-known bitcoin hater – Peter Schiff. The gold bug commented underneath Saylor’s submit that BTC’s worth will plunge as soon as the agency stops shopping for.

“Simply as I suspected. Think about how a lot decrease the Bitcoin worth will fall once you cease shopping for. Then think about how a lot decrease it’ll go when collectors pressure you to promote.”