As Bitcoin predictions for 2025 accelerate, Michael Saylor doubles down after Microstrategy (MSTR) defied the crypto crash to buy another 2,138 Bitcoins at $97.83,000.
According to a MicroStrategy SEC Form 8-K, this recent purchase, made at an average price of $97,837 per Bitcoin, totals approximately $209 million.
(Source)
MicroStrategy is raising its crypto game by adding significant Bitcoin holdings. A strategic approach?
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The acquisition, completed between December 23 and December 29, 2024, reflects the company’s ongoing strategy to diversify its cash reserve assets with cryptocurrency.
This decision is not just about investing; it’s a bold statement of confidence in Bitcoin’s long-term value proposition. Led by Michael Saylor, executive chairman of MicroStrategy, the company has been aggressively accumulating Bitcoin since 2020, viewing it as a hedge against inflation and a cornerstone of its corporate treasury strategy.
#Bitcoin is a swarm of cyber-hornets serving the Goddess of Wisdom, feeding on the fire of truth, growing exponentially smarter, faster, and stronger behind a wall of encrypted energy.
-Michael Saylor
(@saylor) September 18, 2020
(@saylor) With this acquisition, MicroStrategy now holds 446,400 Bitcoins, which at current market prices values their stash at approximately $41.8 billion.
This latest purchase was funded by the sale of MicroStrategy shares, demonstrating how the company is leveraging its equity to expand its Bitcoin holdings.
The average purchase price of their entire Bitcoin portfolio now stands at around $62,428 per coin, indicating a significant unrealized gain when compared to the current Bitcoin price.
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MicroStrategy Last Purchase Period December 23-29, 2024
MicroStrategy aims to protect against currency devaluation and benefit from the appreciation potential of Bitcoin. This approach has redefined how businesses view digital assets and has inspired other businesses to consider similar strategies.
Additionally, MicroStrategy introduced the concept of “Bitcoin Yield,” a key performance indicator that measures the change in its Bitcoin holdings relative to its diluted shares.
This metric shows how effectively the company is using equity to acquire Bitcoin, providing a new lens through which investors can view the company’s performance.
My recent discussion with @MaddiReidy includes an in-depth review of MicroStrategy, #Bitcoin strategy, BTC yield, fixed income opportunities and digital capital. pic.twitter.com/XceN8nlV48
-Michael Saylor
MicroStrategy bets on Bitcoin and its influence on the market
This latest purchase indicates that MicroStrategy is not slowing down its Bitcoin acquisition journey. By considering continuing this strategy, the company could soon approach, or even exceed, the 500,000 Bitcoin mark.
This would represent almost 2.5% of the total Bitcoin supply that will ever exist. This move could potentially influence the dynamics of the Bitcoin market and its perception as a viable corporate asset.
MicroStrategy’s actions are impacting the crypto market. By publicly supporting Bitcoin, they provide a form of validation that can attract more institutional investors.
Their strategy has been a topic of discussion on how businesses can integrate cryptocurrencies into their financial strategies. Additionally, this strengthens Bitcoin’s potential as a reserve asset in corporate treasuries.
MicroStrategy’s acquisition of 2,138 Bitcoins highlights a continuing trend of enterprise adoption of cryptocurrencies. This step highlights MicroStrategy’s commitment to Bitcoin and influences market sentiment, making Bitcoin increasingly relevant in traditional finance.
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The article MicroStrategy Bold Moves: Doubles Down by Acquiring an Additional 2,138 Bitcoins at $97,837 Each appeared first on 99Bitcoins.
