MicroStrategy Announces First Bitcoin Purchase With BTC Prices Over $100,000

MicroStrategy’s BTC champion Michael Saylor has announced another massive bitcoin buyback at the company he co-founded, which is actually the first with an asset price above $100,000.

Interestingly, Peter Schiff quickly intercepted the announcement with another criticism against Saylor, his company and BTC.

MicroStrategy has acquired 15,350 BTC for ~$1.5 billion at ~$100,386 for #bitcoin and has achieved a BTC return of 46.4% QTD and 72.4% YTD. As of 12/15/2024, we have 439,000 $BTC acquired for ~$27.1 billion at ~$61,725 ​​per bitcoin. $MSTR https://t.co/SaWLNBVkrl

— Michael Saylor⚡️ (@saylor) December 16, 2024

As Saylor’s post says, the NASDAQ-listed giant spent roughly $1.5 billion to acquire 15,350 BTC at an average price of $103,386. The company’s total storage has grown to 439,000 BTC, valued well above $44 billion at current prices, while it spent $27.1 billion to acquire it.

MicroStrategy’s BTC return has grown to 46.4% in the last quarter alone, up from 72% for the entire year.

So the company has continued a recent tradition that began several weeks ago: announcing massive purchases worth more than $1 billion on Monday.

Another thing that hasn’t changed this week is the vocal criticism of the well-known bitcoin hater: Peter Schiff. The gold bug commented in Saylor’s post that the price of BTC will fall once the company stops buying.

“Just as I suspected. Imagine how far the price of Bitcoin will drop when you stop buying. Then imagine how much it will drop when your creditors force you to sell.”

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