MicroStrategy Acquires Another $1.5 Billion in Bitcoin
MicroStrategy, a business intelligence firm and prominent corporate Bitcoin holder, has acquired an additional 15,400 Bitcoin for $1.5 billion. The acquisition, made at an average price of $95,976 per Bitcoin, increases the company’s total Bitcoin holdings to 402,100 tokens, purchased for a cumulative $23.4 billion. This move aligns with the firm’s strategy of leveraging Bitcoin as a key corporate asset.
MicroStrategy has acquired 15,400 BTC for ~$1.5 billion at ~$95,976 per #bitcoin and has achieved BTC Yield of 38.7% QTD and 63.3% YTD. As of 12/2/2024, we hodl 402,100 $BTC acquired for ~$23.4 billion at ~$58,263 per bitcoin. $MSTRhttps://t.co/K3TK4msGp0
The purchase was financed through the sale of 3.7 million Class A shares, generating $1.48 billion. The stock sale is part of a broader agreement allowing MicroStrategy to issue up to $21 billion in equity, enabling ongoing cryptocurrency investments while managing liquidity.
CEO Michael Saylor’s Vision
CEOMichael Saylor envisions 2025 as the “crypto renaissance,” citing increasing institutional adoption, regulatory clarity, and potential shifts in U.S. policy. He maintains that Bitcoin is a “high-performing, uncorrelated asset” ideally suited for corporate balance sheets.
MicroStrategy’s strategy mirrors a broader corporate trend as businesses increasingly adopt Bitcoin to hedge against inflation. The firm’s Bitcoin-focused approach has significantly impacted its stock performance, with a 513% surge in 2024, underscoring its connection to cryptocurrency market movements.
Conclusion
MicroStrategy’s consistent investments in Bitcoin reflect its belief in the cryptocurrency’s long-term potential. By leveraging stock sales to fund purchases, the firm strengthens its position as a leader in corporate cryptocurrency adoption.
