Bitcoin reserves of MicroStrategy increased by 705 more units, bringing the total to approximately 581,000 BTC.
Revamped Report:
MicroStrategy, the world's largest corporate Bitcoin hoarder, slammed another chunk of BTC into its vault this week
The CEO, Michael Saylor, declared that the company shelled out a cool $75.1 million for 705 BTC, averaging a mind-blowing $106,495 per unit.
This recent acquisition pales in comparison to the breathtaking billion-dollar purchases made post-U.S. elections last year, yet it solidifies MicroStrategy's steadfast buying strategy.
With this latest grab, MicroStrategy now owns a whopping 580,955 BTC. The company has splurged a staggering $40.68 billion on these digital gold nuggets, with an average cost hovering around $70,000. At present market prices, this stash boasts over $60 billion, racking up an estimated $40 billion in paper profits.
On the very same day, Metaplanet, a prominent Japanese Bitcoin treasure trove, called out a fresh BTC purchase. This latest acquisition by Metaplanet was even more colossal than MicroStrategy's.
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Enrichment Data:
Deep Dive:
Metaplanet, a forefront Japanese Bitcoin treasury firm, currently safeguards a massive 8,888 BTC fortune. The company has parted ways with a hefty approximately ¥122.27 billion (equivalent to around $930 million at the time of the latest purchase) to accrue these Bitcoin riches[2]. The recent acquisition of 1,088 BTC itself set them back approximately ¥16.89 billion (around $117.5 million)[2].
The blockchain technology continues to revolutionize finance as Metaplanet, a significant Japanese Bitcoin treasure trove, showcases its substantial investment strategy by spending $117.5 million on 1,088 BTC, strengthening its digital fortune to a staggering 8,888 BTC. Investing in blockchain-based assets could potentially lead to high returns, as demonstrated by both MicroStrategy and Metaplanet's remarkable ventures into Bitcoin.
