MicroStrategy, the business intelligence giant led by Michael Saylor, continues to reinforce its position as a major institutional Bitcoin holder.
The company announced the acquisition of an additional 5,262 BTC at an approximate cost of $561 million, with each Bitcoin purchased at an average price of $106,662.
This latest purchase highlights MicroStrategy’s commitment to its Bitcoin strategy, which has delivered impressive results. The company achieved a Bitcoin yield of 47.4% for the quarter-to-date (QTD) and a staggering 73.7% year-to-date (YTD), reflecting the effectiveness of its investment approach amid volatile market conditions.
As of December 22, 2024, MicroStrategy holds 444,262 BTC in its treasury, representing an investment of approximately $27.7 billion. The average purchase price for these holdings stands at $62,257 per Bitcoin. This makes MicroStrategy one of the largest corporate Bitcoin holders, demonstrating its belief in Bitcoin as a long-term store of value.
Michael Saylor, the company’s chairman and founder, remains a vocal advocate for Bitcoin, often citing its potential as a hedge against inflation and a transformative asset for corporate balance sheets. With this latest acquisition, MicroStrategy solidifies its position at the forefront of Bitcoin adoption in the corporate world.
Economist Peter Schiff has revived his long-running feud with Bitcoin, warning that shareholders in Michael Saylor’s company, Strategy, could come to rue the day they followed its “all-in” crypto play.
Bitcoin’s next big move will depend more on money creation than on missiles or media noise, according to macro strategist Raoul Pal.
Trump Media & Technology Group (TMTG), the company behind Truth Social, has received SEC approval for a $2.3 billion capital raise aimed at building a corporate Bitcoin treasury.
Bitcoin’s ascent from fringe experiment to mainstream portfolio staple is accelerating, according to Galaxy Digital founder Mike Novogratz.