MicroStrategy announced yesterday that it has purchased an additional 5,262 bitcoins worth $561 million. This move is part of Michael Saylor’s strategy, the CEO of the company, to continuously accumulate Bitcoin. Since MicroStrategy’s stocks entered the Nasdaq-100 index, rumors had circulated in January about halting these purchases. However, this is the company’s third Bitcoin purchase in December. Last week, MicroStrategy had bought $1.5 billion worth of Bitcoin at an average price of $100,386. According to Saylor, the company currently holds approximately 444,262 bitcoins worth $27.7 billion with an average price of $62,257 per Bitcoin. He also stated that the company’s return on investment from Bitcoin in the current quarter is 47.4% and 73.7% for the current year. Since the beginning of the crypto market’s uptrend in November, Saylor has consistently announced large Bitcoin purchases. However, there are rumors that the company may pause its purchases in January due to entering the Nasdaq-100 index and nearing the quarterly financial reports. The price fluctuations of Bitcoin have also significantly impacted the performance of MicroStrategy’s stocks (MSTR). Last week, the price of Bitcoin dropped by nearly 12%, and the value of MicroStrategy’s stocks decreased by over 15%. Nevertheless, the buying pattern of this company still seems stable, and we might witness more large purchases at the end of December, regardless of whether the rumor of halting purchases in January materializes or not. You can view the prices of all tokens and cryptocurrencies live and in real-time on the page of the momentary digital currency prices.
