As a seasoned investor with a keen interest in both traditional markets and cryptocurrencies, I find MicroStrategy’s recent move to acquire 2,138 Bitcoin for $209 million intriguing. With my years of experience in the financial sector, I’ve witnessed firsthand the transformative power of disruptive technologies, and Bitcoin certainly fits that bill.
MicroStrategy’s strategic approach to investing in Bitcoin has been impressive. The company’s decision to sell shares to fund its Bitcoin purchases demonstrates a strong commitment to this digital asset, even at current high prices. I admire their conviction, as it mirrors my own philosophy of long-term investment in promising technologies.
The significant return on investment (ROI) MicroStrategy has seen from its Bitcoin holdings is noteworthy. A year-to-date yield of 74.1% is truly remarkable in any market, let alone the volatile world of cryptocurrencies. It’s a testament to the potential of Bitcoin and the strategic acumen of the MicroStrategy team.
However, I must admit, I find it amusing that MicroStrategy’s co-founder Michael Saylor uses a data tracker dedicated to monitoring their own Bitcoin purchases. One might say he’s keeping tabs on himself! But then again, when you’re leading the charge in such a groundbreaking sector, you need to stay one step ahead.
As for MicroStrategy’s plans to issue more shares to buy more Bitcoin, I see it as a smart move. If they can continue to generate returns like this, who am I to argue? After all, in the world of cryptocurrencies, the only constant is change, and MicroStrategy seems ready to adapt.
In closing, while I’ve seen my fair share of market ups and downs, it’s always exciting to witness a company like MicroStrategy taking bold steps into the future. As for me, I’ll be watching closely and hoping to emulate their success in my own portfolio. And as they say in the world of cryptocurrencies, “May your wallet be full, and your code be bug-free!
The business intelligence company and Bitcoin investor, MicroStrategy, recently purchased 2,138 Bitcoins at a cost of $209 million, thereby increasing its overall Bitcoin assets.
Between December 23rd and December 29th, MicroStrategy purchased 2,138 Bitcoins, spending a total of approximately $209 million. The company bought these coins for around $97,837 each on average.
The acquisition was financed through the sale of 592,987 shares, as stated in a recent filing, within the same timeframe.
MicroStrategy’s Bitcoin yield at 74% year-to-date
As of December 30th, MicroStrategy’s Bitcoin return rate, which measures performance from its cryptocurrency investments, had soared to an impressive 74.1% for the year. Just two months prior, from October 1st to December 29th, this same metric was at 47.8%.
On Sunday, December 29th, MicroStrategy’s co-founder and executive chairman Michael Saylor hinted at a potential purchase, citing some concerning trends on the Saylor Tracker – a tool designed for tracking MicroStrategy’s Bitcoin acquisitions.
As a crypto investor, I’ve always maintained that our company, MicroStrategy, will persist in acquiring Bitcoin, regardless of its price. In fact, our executive has reaffirmed this stance, stating that we are prepared to keep purchasing the asset should its value reach an astounding $1 million per coin.
For eight weeks straight, the business intelligence company, MicroStrategy, has been purchasing Bitcoin each week. Starting from October 31st, they have added a total of 194,180 Bitcoins to their holdings.
Instead, let me rephrase that for you: Compared to its Bitcoin purchases in November, the quantity purchased by the company has dropped noticeably this month. In fact, the company acquired more than 100,000 Bitcoins during November.
MicroStrategy wants to issue more shares to buy more Bitcoin
In a document submitted to the U.S. Securities and Exchange Commission on Dec 23rd, the company expressed the desire to obtain approval for an increase in the number of issuable shares for both their Class A common stock and preferred stock. This move would provide them with greater ability to issue new shares whenever such action becomes necessary or advantageous.
The business aims to boost the number of authorized Class A common stocks from 330 million to a staggering 10,330,000,000 shares. Furthermore, they intend to expand the authorized amount of preferred stocks, increasing it from five million to over one billion shares as well.
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2024-12-30 17:27