MicroStrategy (NASDAQ: MSTR) has acquired an additional 15,350 Bitcoin (BTC) worth approximately $1.5 billion**, reinforcing its position as the largest corporate holder of the cryptocurrency. The purchases occurred between December 9 and December 15, 2024, at an average price of **$100,386 per BTC, according to the company’s SEC 8-K filing.
Key Highlights of MicroStrategy’s Bitcoin Strategy
- Total Holdings: 439,000 BTC (valued at ~$45 billion)
- Average Purchase Price: $61,725 per BTC (including fees)
- Percentage of Bitcoin Supply: ~2.1% of the total 21 million coins
- Funding Method: Sold 3.88 million shares to raise $1.5 billion
This acquisition aligns with MicroStrategy’s aggressive Bitcoin accumulation strategy, spearheaded by co-founder Michael Saylor. The company has invested $27.1 billion to date, leveraging equity offerings to fund purchases.
Nasdaq 100 Milestone
MicroStrategy is set to join the Nasdaq 100 Index on December 23, 2024—a move expected to enhance stock liquidity and institutional interest. The company’s market cap currently stands at $92 billion, trading at a premium relative to its Bitcoin holdings.
FAQs
Why does MicroStrategy keep buying Bitcoin?
MicroStrategy views Bitcoin as a superior store of value compared to traditional assets like gold. Its strategy aims to capitalize on Bitcoin’s long-term appreciation while hedging against inflation.
How does MicroStrategy fund its Bitcoin purchases?
The company primarily raises capital through equity sales and debt offerings. It has $7.65 billion in shares still available for future sales.
What’s the significance of joining the Nasdaq 100?
Inclusion in the Nasdaq 100 boosts MicroStrategy’s visibility among institutional investors and may drive further demand for its stock.
👉 Explore Bitcoin investment opportunities
Recent Bitcoin Purchases
- December 2024: 21,550 BTC ($2.1 billion) at $98,783/coin
- Past 6 Weeks: Added $17.5 billion worth of BTC (39% of total holdings)
MicroStrategy’s relentless acquisitions highlight its confidence in Bitcoin’s role as a macroeconomic hedge. Analysts suggest this could encourage other corporations to adopt similar strategies.
Core Keywords: Bitcoin, MicroStrategy, Nasdaq 100, Michael Saylor, cryptocurrency, corporate adoption, store of value
👉 Learn how to invest in Bitcoin like MicroStrategy
Disclaimer: Cryptocurrency investments carry risks. Conduct thorough research before investing.
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