MicroStrategy increases Bitcoin holdings with a $1.5B purchase, bringing total to 439,000 BTC, reinforcing its dominant position.
MicroStrategy has made another major Bitcoin acquisition. The company purchased 15,350 BTC for $1.5 billion on 16 December. This marks the first time MicroStrategy has bought Bitcoin above $100,000 per coin. The average price paid for a Bitcoin was $100,386.
MicroStrategy now owns 439,000 BTC after this latest buy. The total value of its holdings is about $27.1 billion. The average price it has bought Bitcoin at is $61,725 per coin. This makes the company one of the largest Bitcoin holders in the world today.
Indeed, MicroStrategy has reaped big from its Bitcoin investment policy. For QTD up to December 15, 2024, the company yielded 46.4% of Bitcoin. The yield for this year or YTD is at 72.4%. The following figures indicate a marked up for of Bitcoin this year.
The recent purchase was made after another big one on December 10, 2024. On that date, MicroStrategy purchased 21,550 BTC at an aggregate purchase price of $2.1 billion. The price paid for each Bitcoin in that deal was $98,783. Altogether, these two purchases amount to more than $3.6 billion.
MicroStrategy Expands Bitcoin Holdings to 439,000 BTC
This steady buying is part of MicroStrategy’s investment plan and has been consistent for some time now. The company has been accumulating Bitcoin for years because it has considered it a form of digital money. It is worth noting that its approach has not changed even at the worst of times in the price of Bitcoin.
Michael Saylor, the executive chairman of MicroStrategy, has been at the head of this strategy. Saylor has been bullish on Bitcoin for quite some time now. He considers it an inflation hedge and a good to hold in the future. This idea has been guiding the company in the purchases it makes in Bitcoins.
Investors and analysts have recently focused their attention on MicroStrategy’s Bitcoin investments. A large number are keen on observing how the investments of the company are doing over time. Even though Bitcoin value is not anchored and can go up and down, MicroStrategy’s large position means the firm has a lot of skin in the Bitcoin growth.
Finally, MicroStrategy remains an active buyer of Bitcoin. The recent $1.5 billion purchase is another step in its ongoing strategy. With a total of 439,000 BTC, MicroStrategy remains a dominant player in the cryptocurrency market.
