Microsoft Executes Largest Bitcoin Purchase in Its History: $4 Billion
Microsoft's latest Bitcoin purchase is one of the most significant moves in the cryptocurrency market. The company has bought 51,780 Bitcoins worth approximately $4 billion. This deal marks the largest purchase Microsoft has made since it began investing in digital currencies, and it's the biggest transaction in the past four years.
Details of Microsoft’s Purchase of 51,780 Bitcoins
On November 17, 2024, Microsoft announced the acquisition of 51,780 Bitcoins for its investment fund. This purchase is part of the company’s ongoing strategy to invest in digital currencies. According to data from the U.S. stock exchange, this transaction increased Microsoft's total digital currency holdings to around $29 billion, with a specific focus on Bitcoin.
A Second Purchase of 12,000 Bitcoins Worth $821 Million
Microsoft didn't stop at purchasing 51,780 Bitcoins; they also made another purchase of 12,000 Bitcoins, valued at $821 million. These additional investments further demonstrate Microsoft’s commitment to expanding its digital currency portfolio, particularly in Bitcoin.
Microsoft’s Entry into Cryptocurrency Trading
Microsoft ventured into cryptocurrency trading in 2020 when Bill Gates, the company’s founder, decided to step away from programming and design temporarily to focus on cryptocurrency investments as a hedge against inflation. Since then, Microsoft has built a long-term investment strategy in digital currencies, aiming to raise over $42 billion in the next three years.
Microsoft’s Cryptocurrency Investment Strategy
Microsoft continues to diversify its portfolio in digital currencies, with a primary focus on Bitcoin. These large-scale purchases highlight how Microsoft is embracing modern financial technology and positioning itself to benefit from the future potential of cryptocurrencies.