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Bitcoin Ethereum, Dogecoin Rise As Microstrategy's Michael Saylor Acquires More BTC: Analyst Predicts King Crypto To Reach $130K

Benzinga ·  Dec 27, 2023 19:11

Major cryptocurrencies popped in value on Wednesday evening afterMicroStrategy(MSTR), bought an additional 14,620 BTC for roughly $615.7 million.

CryptocurrencyGains +/-Price (Recorded 9:30 p.m. EST)
Bitcoin (CRYPTO: BTC)+2.37%$43,417
Ethereum (CRYPTO: ETH)+8.34%$2,411
Dogecoin (CRYPTO: DOGE)+3.43%$0.094

What Happened:The Executive Chairman of Microstrategy,Michael Saylor, on Wednesday, tweeted that the company has acquired the bitcoin at an average price of $42,110 per unit.

MicroStrategy has acquired an additional 14,620 BTC for ~$615.7 million at an average price of $42,110 per #bitcoin. As of 12/26/23, @MicroStrategy now hodls 189,150 $BTC acquired for ~$5.9 billion at an average price of $31,168 per bitcoin. $MSTR

— Michael Saylor️ (@saylor) December 27, 2023

This purchase has increased the company's holdings to 189,150 BTC, valued at around $5.9 billion, with each BTC bought at an...

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