MicroStrategy's Bitcoin holdings increased to 14,600, with floating profit exceeding US$2.2 billion

Microsoft Corporation MicroStrategy is one of the staunch supporters of Bitcoin. The company’s co-founder Michael Saylor announced again at 9pm today that MicroStrategy purchased an additional 14,620 Bitcoins for approximately $615.7 million, with an average price of $42,110. This purchase further demonstrates MicroStrategy’s confidence and commitment to Bitcoin.

As of December 26, 2023, MicroStrategy now holds 189,150 BTC, acquired for approximately $5.9 billion, with an average price of $31,168 per Bitcoin.

At the end of November, MicroStrategy purchased 16,130 BTC for US$593 million and continued to increase its position over the next three months. At present, MicroStrategy's move to heavily position Bitcoin has earned more than $2.2 billion in floating profits.

Michael Saylor: BTC is the best way to store and protect wealth

Michael Saylor said that Bitcoin is the best way to store and protect wealth. Bitcoin was designed to be resistant to currency risk and has many advantages as a breakthrough technology. One of them is Bitcoin’s supply cap, which is only 21 million Bitcoins in total.

Therefore, Bitcoin is considered a conservative currency network that will not experience inflation or asset loss. Michael Saylor believes that its unique feature is its ability to freeze and store economic energy to prevent depreciation or loss.

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