BREAKING: MicroStrategy Expands Bitcoin Holdings with $1.5 Billion Purchase

MicroStrategy has made a significant move in its ongoing Bitcoin acquisition strategy, purchasing an additional 15,350 BTC for approximately $1.5 billion.

The company acquired the Bitcoin at an average price of $100,386 per BTC. This latest purchase highlights MicroStrategy’s aggressive stance on cryptocurrency, as the company continues to expand its holdings in Bitcoin.

As of December 15, 2024, MicroStrategy now holds a total of 439,000 Bitcoin, acquired for a cumulative cost of around $27.1 billion, with an average purchase price of $61,725 per BTC. The company’s strategic investment in Bitcoin has yielded impressive returns, with a year-to-date yield of 72.4% and a quarterly yield of 46.4%, showcasing the profitability of its Bitcoin holdings.

This move further solidifies MicroStrategy’s position as one of the largest institutional holders of Bitcoin, reflecting CEO Michael Saylor’s unwavering belief in the long-term value of the digital asset. As the company continues to accumulate Bitcoin, it remains a key player in the growing trend of institutional adoption of cryptocurrency.

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With the price of Bitcoin fluctuating, MicroStrategy’s Bitcoin reserves continue to grow in value, positioning the company as a major beneficiary of Bitcoin’s price movements. As the cryptocurrency market continues to evolve, MicroStrategy’s large Bitcoin position reflects its confidence in the asset’s future potential as a store of value and a hedge against inflation.

Alexander Stefanov