MicroStrategy has seen its Bitcoin holdings soar in value, surpassing $22 billion as Bitcoin’s price surged above $82,000.
The business intelligence company now holds 279,420 BTC, worth approximately $22.9 billion, reflecting a 110% gain on its investment.
This remarkable growth stems from MicroStrategy’s consistent Bitcoin accumulation strategy, with an average purchase price of $39,292 across 42 separate buys.
As the largest corporate Bitcoin holder, MicroStrategy leads the way, far outpacing companies like Marathon Digital and Riot Platforms, which have holdings valued at $2.1 billion and $840 million, respectively.
The company has ambitious plans to expand its Bitcoin portfolio even further, aiming to raise $42 billion over the next three years through its “21/21” initiative, which combines $21 billion in equity with $21 billion in fixed-income securities.
Microsoft shareholders have opted to decline a proposal to explore Bitcoin as part of the company’s investment strategy, despite an attempt by MicroStrategy’s CEO, Michael Saylor, to advocate for the cryptocurrency.
Bitcoin’s reliance on Elliptic Curve Cryptography (ECC) for its security could soon be jeopardized by the rapid growth of quantum computing.
Bitcoin’s recent price drop has sparked a record surge in liquidations, with the total crypto market losing up to 11% on December 9.
Donald Trump’s suggestion to establish a national Bitcoin reserve has generated strong reactions, particularly from former Treasury Secretary Larry Summers, who criticized the idea as unrealistic and driven by political motives.