- Despite Bitcoin trading near its all-time high, Microstrategy continues its aggressive BTC acquisition strategy
- CEO Michael Saylor announced the purchase of 5,262 BTC for $561 million
- Microstrategy’s holdings now exceed $41 billion in Bitcoin
Despite Bitcoin trading around its all-time highest price—the publicly traded company Microstrategy is showing the market that it has no intention of stopping its BTC-acquisition plans.
In a recent Twitter post, the company’s CEO Michael Saylor announced that Microstrategy acquired another 5.262 BTC, at the cost of roughly $561 million. This significant purchase was made when Bitcoin traded at $106,662, likely around December 17.
So far Michael Saylor’s aggressive Bitcoin strategy has paid off handsomely. In the same post, the CEO announced that MicroStrategy has achieved BTC yields of 47.4% quarter-to-date, and over 73% year-to-date.
“As of 12/22/2024, we HODL 444,262 $BTC acquired for ~$27.7 billion at ~$62,257 per bitcoin. $MSTR.”
In today’s rate at $93,252 per BTC, Microstragy owns over $41 billion in Bitcoin—one of the world’s largest digital assets reserves.
Bitcoin Down 11% Since Recent Microstrategy Acquisition
While the most recent purchase of $561 million shows how strongly they believe in Bitcoin as a reserve of value—the currency has seen a significant retraction since.
Since the purchase, the world’s largest cryptocurrency has gone by over 11% in value, currently trading at around $93k. While these losses sound significant—when compared to what Michael Saylor believes Bitcoin will be worth in twenty years—it starts making a lot more sense.
Last month, Saylor claimed that he believes Bitcoin will be worth over $13,000,000 per coin by 2045, a whopping 13,873.12% increase from today’s value during a CNBC interview. If that prediction comes true, the company’s reserves would likely see significant appreciation as well.
The most recent purchase comes just as Microstrategy was added to the Nasdaq 100, one of the most significant moments in its history.
The MSTR stock price is currently at a 4.32% depreciation over the day, adding up to a 17% decrease over the previous month. Meanwhile, longer timeframes show a more optimistic scenario with MSTR up by an incredible 462% over the last 365 days.
The information provided in this article is for informational and educational purposes only and does not constitute financial, investment, or trading advice. Any actions you take based on the information provided are solely at your own risk. We are not responsible for any financial losses, damages, or consequences resulting from your use of this content. Always conduct your own research and consult a qualified financial advisor before making any investment decisions. Read more
