Microstrategy’s Bitcoin Binge Snags $561M in Latest Buy,
The business intelligence firm Microstrategy has added more to its bitcoin (BTC) holdings, according to a recent post on X by company founder Michael Saylor.
Microstrategy’s Bitcoin Binge Snags $561M in Latest Buy, Pushing Holdings to 444K BTC
Microstrategy Ramps up Bitcoin Reserves
In a post shared Sunday evening, Saylor hinted at the acquisition. He followed up on Monday, Dec. 23, with another X post, detailing the latest bitcoin purchase by the firm. “Microstrategy has acquired 5,262 BTC for $561 million at $106,662 per bitcoin and has achieved BTC Yield of 47.4% QTD and 73.7% YTD.” The company’s founder added:
As of 12/22/2024, we hodl 444,262 BTC acquired for ~$27.7 billion at ~$62,257 per bitcoin.
Saylor and his company have made significant bitcoin (BTC) purchases throughout 2024. By Jan. 2024, at the year’s start, Microstrategy’s holdings stood at 189,500 BTC. This total reflected acquisitions completed in Dec. 2023 and early Jan. 2024, adding up to this impressive figure. Over the year, the firm accumulated 254,762 BTC in total.
Toward the end of the year, Microstrategy ramped up its bitcoin (BTC) purchases in a big way. These calculated moves have solidified the company’s role as a heavyweight in the cryptocurrency space, with its bitcoin stash playing a major role in shaping its financial identity. As of yesterday, Microstrategy’s shares climbed 11% in value against the U.S. dollar, though they’ve dropped more than 14% over the last five days.
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