BTC - Bitcoin Ethereum Dogecoin Rise As Microstrategy's Michael Saylor Acquires More BTC: Analyst Predicts King Crypto To Reach $130K | Benzinga
Major cryptocurrencies popped in value on Wednesday evening after MicroStrategy (MSTR), bought an additional 14,620 BTC for roughly $615.7 million.
What Happened: The Executive Chairman of Microstrategy, Michael Saylor, on Wednesday, tweeted that the company has acquired the bitcoin at an average price of $42,110 per unit.
MicroStrategy has acquired an additional 14,620 BTC for ~$615.7 million at an average price of $42,110 per #bitcoin. As of 12/26/23, @MicroStrategy now hodls 189,150 acquired for ~$5.9 billion at an average price of $31,168 per bitcoin. https://t.co/PKfYY59sTW — Michael Saylor⚡️ (@saylor) December 27, 2023
This purchase has increased the company’s holdings to 189,150 BTC, valued at around $5.9 billion, with each BTC bought at an average price of $31,168.
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The global crypto market cap has reached $1.67 trillion, marking a 0.37% increase in the last 24 hours.
The S&P 500 climbed 0.14% to close at 4,781.58, and ...