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.
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