{"id":559693,"date":"2024-08-02T09:34:51","date_gmt":"2024-08-02T09:34:51","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=559693"},"modified":"2024-08-02T09:34:51","modified_gmt":"2024-08-02T09:34:51","slug":"microstrategy-extremely-optimistic-after-bitcoin-2024-sees-increasing-bipartisan-political-support-for-crypto","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/microstrategy-extremely-optimistic-after-bitcoin-2024-sees-increasing-bipartisan-political-support-for-crypto","title":{"rendered":"MicroStrategy ”Extremely Optimistic” After Bitcoin 2024, Sees Increasing ”Bipartisan” Political Support For Crypto"},"content":{"rendered":"

MicroStrategy (<\/span>MSTR<\/span>) said it’s “extremely optimistic” following the Bitcoin 2024 conference amid increasing “bipartisan” political support for the crypto ecosystem.<\/span><\/p>\n

“We are extremely optimistic with the improved understanding of bitcoin and the increasing support for the ecosystem from bipartisan politicians and institutions on display at the Bitcoin 2024” conference in Nashville last weekend, the firm said in a <\/span>press release<\/span><\/a> in connection with its second-quarter earnings.<\/span><\/p>\n

\"CoinStats<\/p>\n

MicroStrategy Purchases An Additional 12,222 Bitcoin<\/span><\/h2>\n

In a Q2 earnings call, the firm revealed that it purchased an additional 12,222 Bitcoin for $805 million in Q2 2024. This latest purchase has pushed the firm’s holdings in the leading crypto to 226,500 BTC, worth approximately $14.7 billion at current prices. <\/span><\/p>\n

MicroStrategy also shared that its BTC was acquired at an average purchase price of $36,821 per coin. <\/span><\/p>\n

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The best strategy is a #Bitcoin<\/a> Strategy. pic.twitter.com\/xbTKqGQfPA<\/a><\/p>\n

— Michael Saylor⚡️ (@saylor) August 1, 2024<\/a><\/p><\/blockquote>\n