TL;DR
- MicroStrategy has acquired 51,780 BTC for approximately $4.6 billion, bringing its total Bitcoin holdings to 331,200 BTC, with a current value exceeding $29.7 billion.
- The company remains the largest corporate holder of Bitcoin, and its long-term focus on the cryptocurrency remains steadfast.
- MicroStrategy plans to spend an additional $42 billion on acquiring more Bitcoin over the next three years.
MicroStrategy has announced a new Bitcoin acquisition, continuing to solidify its position as the largest corporate holder of BTC.
In its latest purchase, the company acquired 51,780 BTC for a total of approximately $4.6 billion, which represents an average cost of $88,627 per unit. With this acquisition, MicroStrategy now holds a total of 331,200 BTC, valued at over $29.7 billion, resulting in an unrealized gain of more than $13 billion, considering the total investment in Bitcoin was $16.5 billion.
This move aligns with the company’s financial strategy, which has integrated Bitcoin as a central asset in its balance sheet. MicroStrategy, which began accumulating BTC in 2020 when the cryptocurrency’s price hovered around $11,000, has maintained its long-term investment approach, despite market fluctuations. The company remains the largest corporate holder of Bitcoin, and its decision to increase purchases remains firm, even as the market has experienced a strong upward trend.
MicroStrategy to Invest an Additional $42 Billion in Bitcoin Purchases
The purchase announcement came shortly after Donald Trump’s electoral victory in the U.S. presidential elections, which triggered a significant surge in Bitcoin’s value. In the days following the victory, BTC reached new all-time highs, surpassing $93,000 on November 13, 2024, although it currently hovers around $91,000.
MicroStrategy has shown that it is fully committed to Bitcoin. The company plans to spend an additional $42 billion over the next three years on acquiring more assets. The goal is to capitalize on the financial benefits derived from its cryptocurrency investment and strengthen its position in the market.
With a Bitcoin yield of 20.4% in the quarter and 41.8% year-to-date, MicroStrategy remains a benchmark for other companies seeking to integrate cryptocurrencies into their financial strategies
