In response to the boom in the Bitcoin market, software company MicroStrategy purchases approximately 87 billion yen worth of Bitcoin



The price of Bitcoin (BTC) in December 2023 will be 43,000 per BTC due to expectations for interest rate cuts by

the Federal Reserve Board (FRB) and heightened expectations for spot Bitcoin ' ETF '. The price of the dollar (approximately 6.8 million yen) remains high. MicroStrategy , an American enterprise software maker, purchased an additional 14,620 Bitcoins for $616 million (approximately 87 billion yen) between November 30, 2023 and December 26, 2023.

MicroStrategy Acquires Additional 14,620 BTC and Now Holds 189,150 BTC
https://www.microstrategy.com/en/investor-relations/financial-documents/microstrategy-acquires-additional-14620-btc-and-now-holds-189150-btc_12-27-2023

MicroStrategy buys bitcoin worth $615.7 mln ahead of SEC's spot ETF decision | Reuters
https://www.reuters.com/markets/us/microstrategy-buys-bitcoin-worth-6157-mln-ahead-secs-spot-etf-decision-2023-12-27/



MicroStrategy (MSTR) Bitcoin Holdings Top $8 Billion With Latest Purchase - Bloomberg
https://www.bloomberg.com/news/articles/2023-12-27/what-started-the-apple-watch-ban-saga-a-late-night-email-to-ceo-tim-cook

Bitcoin Price Prediction as Billionaire Michael Saylor Announces New $600 Million BTC Purchase – Time to Buy?
https://cryptonews.com/news/bitcoin-price-prediction-as-billionaire-michael-saylor-announces-new-600-million-btc-purchase-time-to-buy.htm

Bitcoin, which reached an all-time high in 2021, has sinceplummeted in price due to the Fed's interest rate hike. However, there are expectations that the Federal Reserve will lower interest rates and approve spot ETFs in 2024, and the Bitcoin price in December 2023 will reach the $40,000 (approximately 5.9 million yen) level per BTC for the first time since May 2022. I broke through. Please note that the Bitcoin price at the time of article creation is hovering around $43,000.

Bitcoin exceeds $40,000 (approximately 5.9 million yen) for the first time since May 2022, symbolizing that digital assets are on track for an extended recovery in 2023 due to expectations for interest rate cuts and demand for ETFs - GIGAZINE



Bitcoin's boom has spread to other virtual currencies, and it has been reported that the market capitalization of all virtual currencies at the time of article creation has reached $1.69 trillion (approximately 240 trillion yen). .

Meanwhile, MicroStrategy's chairman and co-founder Michael Saylor reported that he acquired 14,620 Bitcoins between November 30, 2023 and December 26, 2023. According to Saylor, as of December 26, 2023, MicroStrategy holds 189,150 Bitcoins.




According to MicroStrategy's filings, each Bitcoin was purchased for approximately $42,110 (approximately 6 million yen), including fees and other expenses.

MicroStrategy began purchasing digital assets, including Bitcoin, in 2020 to combat inflation and as an alternative to freeing up cash on its balance sheet . With this Bitcoin acquisition, MicroStrategy now holds approximately 1% of the 19.58 million Bitcoins issued so far.

Analysts at investment bank TD Cowen said, ``MicroStrategy's move proves that Bitcoin has great value rather than a short-term trading strategy.'' MicroStrategy also states, ``Investing in Bitcoin is intended for long-term holding, and it makes sense to continue holding the world's largest and most famous virtual currency.''

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