MicroStrategy Buys Additional 14,620 Bitcoin (BTC) Worth $615M

Continuing its long-standing accumulation of the asset, MicroStrategy has purchased an additional 14,620 Bitcoin (BTC). Moreover, this latest acquisition is worth more than $615 million, bringing its full holdings to a remarkable 189,150 Bitcoin worth $8 billion.

Michael Saylor’s business intelligence firm has not wavered in its mass accumulation of the most prominent digital asset. Indeed, that bet appears to be a positive one considering its rapid ascension over the last year. Subsequently, Saylor announced that the accumulation has not ended with its latest additions.

Also Read: Michael Saylor’s MicroStrategy Bitcoin Hits $2.3B Unrealized Profit

Saylor’s MicroStrategy Buys Another 14,620 Bitcoin

For 2023, one of its most interesting stories is undoubtedly the rise of Bitcoin. After a horrendous year for the digital asset market in 2022, Bitcoin led an incredible bounce back. Yet one company has continued to embrace the asset, never wavering from its dips. Subsequently, they have continued to place their faith in the currency.

Indeed, Michael Saylor’s MicroStrategy has purchased an additional 14,620 Bitcoin (BTC), according to the CEO. Indeed, in a post to X (formerly Twitter), Saylor highlighted the most recent purchase. Moreover, he noted that it brings the company’s entire holding of Bitcoin worth $8 billion, with 189,150 total BTC. 

Also Read: Michael Saylor Predicts Bitcoin’s Potential Tenfold Surge

The company’s Bitcoin acquisition practices first began in the summer of 2020. Then, Saylor’s firm made an initial $250 million investment in Bitcoin, a modest figure considering its recent holdings. Yet they have never wavered in their strategy, even amid the down years for the asset. 

Now, Bitcoin may be facing its most promising future. Amid a budding Spot Bitcoin ETF approval from the US Securities and Exchange Commission (SEC), 2024 is set to provide a massive upswing for the asset. Billionaire Tim Draper even predicted the asset would go beyond a price of $250,000 in his most recent forecast.

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