Hassan Maishera
TL;DR
-
BTC has hit a new all-time high of $107k after adding 2% to its value on Monday.
-
MicroStrategy has acquired another 15k bitcoins for $1.5 billion.
Bitcoin Hits $107k
Bitcoin began the new week setting a new record. The world’s leading cryptocurrency by market cap hit a new all-time high price of $107,780 on Monday after adding more than 2% to its value.
BTC has slightly retraced and now trades at $106,892 per coin. There is no major catalyst behind this rally as Bitcoin continues its recent positive performance.
With Bitcoin rallying, leading altcoins have also been performing positively. Ether, the leading cryptocurrency by market cap, added nearly 3% to its value and crossed the $4,100 mark for the first time in three years.
XRP has flipped Tether’s USDT to become the third-largest cryptocurrency by market cap. The coin added 4% to its value to trade above $2.5 after reports emerged that Ripple would launch its RLUSD stablecoin today, December 17th.
MicroStrategy Acquires 15,350 Bitcoins for $1.5 billion
Michael Saylor-led MicroStrategy has continued its Bitcoin buying spree after splashing another $1.5 billion on Monday. The company announced acquiring 15,350 BTC for roughly $1.5 billion at $100,386 per bitcoin.
MicroStrategy has acquired 15,350 BTC for ~$1.5 billion at ~$100,386 per #bitcoin and has achieved BTC Yield of 46.4% QTD and 72.4% YTD. As of 12/15/2024, we hodl 439,000 $BTC acquired for ~$27.1 billion at ~$61,725 per bitcoin. $MSTR https://t.co/SaWLNBVkrl
— Michael Saylor⚡️ (@saylor) December 16, 2024
Thanks to this latest acquisition, MicroStrategy now holds 39,000 $BTC acquired for $27.1 billion at $61,725 per bitcoin. The acquisition follows the sale of 3,884,712 MicroStrategy shares for the same amount during the same period.
MicroStrategy’s Bitcoin holdings stand at $45 billion, a profit of roughly $18 billion. As of Dec. 15, the company said approximately $7.65 billion worth of shares remained available for sale as part of its planned $21 billion equity offering and $21 billion in fixed-income securities, targeting a total $42 billion capital raise for further bitcoin acquisitions.
