MicroStrategy's strategy now holds 597,325 Bitcoin (BTC) purchased at approximately $42.4 billion, with an average price of $70,982 per coin. As the world's largest publicly traded corporate holder of Bitcoin, MicroStrategy continued accumulating BTC last week amid improving investor sentiment and rising prices.
According to an SEC filing submitted on Monday, the company purchased 4,980 BTC in the past week at an average price of $106,801 per coin, totaling $531.1 million.
MicroStrategy's 2024 Bitcoin Accumulation Reaches 85,871 BTC
With this latest purchase:
- Year-to-date net accumulation: 85,871 BTC ($9.5 billion)
- Full-year 2024 net accumulation: 140,538 BTC ($13 billion)
- Annualized BTC yield: 19.7% (up 0.5 percentage points)
- Quarterly yield: 7.8% (up 0.4 percentage points)
The company moves closer to its 2025 annual return target of 25%.
Did MicroStrategy Transfer $796 Million in BTC?
Blockchain analysts noted that MicroStrategy transferred 7,383 BTC ($796 million) to three new wallets on Sunday. Lookonchain suggested this was "likely for enhanced custody security."
👉 Understanding Bitcoin custody solutions
Historical Context:
- Only sold BTC once (704 BTC in December 2022)
- Quickly repurchased 810 BTC two days later
- Maintains strict "buy-and-hold" strategy
Michael Saylor Explains MicroStrategy's Bitcoin Commitment
In a recent X post, Saylor shared the company's Bitcoin journey, reposting his 2020 interview with RealVision's Raoul Pal where he explained MicroStrategy's long-term BTC investment philosophy:
"I'm buying Bitcoin for the employee that the person who replaces me will hire for their boss. I'm holding long-term and won't sell. Even if it goes up 100x, I might borrow against it, but could I find a better asset?"
FAQ Section
Q: How much BTC does MicroStrategy currently hold?
A: 597,325 BTC ($42.4 billion total investment)
Q: What's MicroStrategy's average BTC purchase price?
A: $70,982 per coin (including latest $106,801 purchases)
Q: Why did MicroStrategy transfer BTC to new wallets?
A: Likely for improved security custody arrangements
Q: Has MicroStrategy ever sold BTC?
A: Only once in December 2022 (704 BTC), repurchased more shortly after
👉 Learn about institutional Bitcoin adoption
Market data sourced from CoinGecko and SEC filings. All dollar values calculated using BTC prices at time of purchase.