Michael Saylor's company Microstrategy ($MSTR) has once more raised its total Bitcoin treasury.
Overview of MSTR Bitcoin Prices
Michael Saylor asserts that on this occasion, MSTR acquired 14620 bitcoins for $615.7 million, with an average price of $42110 on December 26. MSTR currently owns 189150 Bitcoins, which it purchased for $5.9 billion at an average price of $31168. At this pace, MSTR is making almost 28% profit.
STR Bitcoin Adoration
In order to finance this Bitcoin acquisition, MSTR raised $610 million from the market as an active firm, by selling new shares. This not only decreased the percent of ownership held by MSTR's current shareholders, but it also demonstrated that Bitcoin is a superior investment than MSTR's stock.
Bitcoin Community Not Amused
Bitcoin community is not really happy with MicroStrategy increasing its Bitcoin fold. Bitcoin is limited to 21 million, not everyone will be able to possess it. Saylor's recent acquisition of BTC has increased the possibility of large firms vying for control of Bitcoin, which is concerning to the general public.
