Objective: 1% of the Bitcoin supply? It is at a crazy accumulation on Bitcoin (BTC) what the company does MicroStrategy (action MSTR on Nasdaq) since the month ofAugust 2020. Arrived at today, 1er December 2023, the company Michael Saylor demonstrated a tremendous HODL (long-term storage) on its bitcoins. And this past month of November is no exception to the rule.
$600 million more in Bitcoin for MicroStrategy in November
If the software giant MicroStrategy strives to regularly purchase bitcoins since 2020, this month of November 2023 will have been particularly prolific in accumulations of BTC. And until the very last day, since its founder announces a new purchase of the king of cryptos.
Indeed, this November 30, Michael Saylor has announcement on the X network (formerly Twitter) the purchase of 16,130 BTC extra for a little more $593 million. His company now has a huge fortune totaling 174,530 bitcoins ! And given that their average acquisition price is $30,252 per BTC (compared to $37,700 at Bitcoin price of the day), suffice to say that MicroStrategy is now largely in the greenin terms of latent added value.
This latest purchase represents a significant increase of around 10% crypto-possessions of the listed company. This treasure in Bitcoin, acquired for $5.3 billion, makes your head spin. And little by little he gets closer to 1% of total supply, set at 21 million bitcoins. I have to say that Michael Saylor is still incredibly bullish (bullish) on the invention of Satoshi Nakamoto. Because between the Spot ETF of Bitcoin and the next halving of the network, the leader of MicroStrategy sees another explosive year for BTC.