MicroStrategy bought 21,550 more Bitcoin today, spending $2.1 billion. This is the company’s second purchase in December, spending $98,783 per BTC.

Since November, Michael Saylor’s firm has made over $15 billion worth of BTC purchases.

MicroStrategy Buys More Bitcoin

Earlier today, MicroStrategy released a press statement confirming the purchase. Saylor’s continued strategy is hardly surprising, as two days ago, he advocated a “Bitcoin accumulation plan,” defending the asset as a long-term investment.

“Satoshi gave us a game we can all win. Bitcoin is that game,” Saylor said in an interview today.

The firm also purchased a similar amount early in December, spending $1.5 billion on BTC. Saylor has been a committed Bitcoin advocate for years, but his purchases have increased substantially.

As a result of this rapid new consumption, MicroStrategy is definitively one of the world’s largest Bitcoin holders. These holdings have significantly impacted the firm’s stock price this year. Bitcoin’s bullish cycle since the ETF approval in January has also been reflected in MSTR’s price, as the stock surged by nearly 450% year

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Author: Landon Manning