{"id":259616,"date":"2024-09-13T13:54:09","date_gmt":"2024-09-13T13:54:09","guid":{"rendered":"https:\/\/michigandigitalnews.com\/index.php\/2024\/09\/13\/microstrategy-buys-additional-1-11-billion-worth-of-bitcoin\/"},"modified":"2025-06-25T17:11:20","modified_gmt":"2025-06-25T17:11:20","slug":"microstrategy-buys-additional-1-11-billion-worth-of-bitcoin","status":"publish","type":"post","link":"https:\/\/michigandigitalnews.com\/index.php\/2024\/09\/13\/microstrategy-buys-additional-1-11-billion-worth-of-bitcoin\/","title":{"rendered":"MicroStrategy Buys Additional $1.11 Billion Worth of Bitcoin"},"content":{"rendered":"<p> [ad_1]<br \/>\n<br \/><img decoding=\"async\" src=\"https:\/\/bitcoinmagazine.com\/.image\/c_fit%2Ch_800%2Cw_1200\/MTg2NjA5MDA2MzYwNTM2OTI1\/michael-saylor-max-keiser-bitcoin-2021.jpg\" \/><\/p>\n<p><a href=\"https:\/\/bitcoinmagazine.com\/tags\/microstrategy\">MicroStrategy<\/a> announced it had <a href=\"https:\/\/www.microstrategy.com\/press\/microstrategy-acquires-18300-btc-achieves-btc-yield-of-4-qtd-17-ytd-now-holds-244800-btc\">purchased<\/a> 18,300 Bitcoin for $1.11 billion, boosting its total holdings to 244,800 BTC acquired for $9.45 billion.<\/p>\n<div>\n<blockquote class=\"twitter-tweet\"><p>\n                        <a href=\"https:\/\/twitter.com\/BitcoinMagazine\/status\/1834564678275473639\"><\/a>\n                    <\/p><\/blockquote><\/div>\n<p>The business intelligence firm, led by Bitcoin bull <a href=\"https:\/\/bitcoinmagazine.com\/tags\/michael-saylor\">Michael Saylor<\/a>, has been steadily accumulating Bitcoin as part of its corporate strategy since 2020. MicroStrategy&#8217;s latest billion-dollar purchase was conducted at an average price of $60,408 per Bitcoin.<\/p>\n<p><a href=\"https:\/\/x.com\/saylor\/status\/1834564555944481227\">According to Saylor<\/a>, the company has achieved a 17% Bitcoin yield year-to-date, capitalizing on BTC&#8217;s appreciation as it continues borrowing fiat at low interest rates to expand its holdings.<\/p>\n<p>At current prices, MicroStrategy&#8217;s Bitcoin trove is worth over $15 billion, greatly benefiting shareholders. The company&#8217;s stock price has surged in tandem with its Bitcoin accumulation.<\/p>\n<p>Despite rough market conditions in 2024, MicroStrategy continues compounding its Bitcoin position for the long term. The firm treats Bitcoin as a superior treasury asset compared to cash that is subject to inflationary debasement.<\/p>\n<p>MicroStrategy is executing the biggest speculative attack on fiat currency in history by acquiring the hardest money for its treasury. Other public companies are following MicroStrategy&#8217;s lead by adopting Bitcoin treasury policies and acquiring Bitcoin exposure on their balance sheets. However, MicroStrategy remains the largest corporate holder of Bitcoin in the world.<\/p>\n<p>By harnessing underutilized capital to capture Bitcoin&#8217;s upside, MicroStrategy has moulded itself into an emerging Bitcoin development company that is powering the worldwide adoption of Bitcoin.<\/p>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/bitcoinmagazine.com\/business\/microstrategy-buys-additional-1-11-billion-worth-of-bitcoin\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] MicroStrategy announced it had purchased 18,300 Bitcoin for $1.11 billion, boosting its total holdings to 244,800 BTC acquired for $9.45 billion. The business intelligence<\/p>\n","protected":false},"author":1,"featured_media":259617,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[172],"tags":[],"_links":{"self":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/259616"}],"collection":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/comments?post=259616"}],"version-history":[{"count":0,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/259616\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media\/259617"}],"wp:attachment":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media?parent=259616"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/categories?post=259616"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/tags?post=259616"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}