MicroStrategy to buy over $22 billion in Bitcoin in 2024

PANews reported on January 7 that Michael Saylor tweeted that MicroStrategy will purchase a total of 258,320 Bitcoins in 2024, with a total expenditure of approximately US$22.07 billion and an average purchase price of approximately US$85,450 per coin. The annual Bitcoin holding return rate reached 74.3%, achieving a net increase of 140,630 coins (approximately 385 coins per day).

Based on Bitcoin’s current price of $100,000, this has created a value of $14.06 billion for shareholders, equivalent to approximately $38.5 million per day.