MicroStrategy has made a significant investment in Bitcoin, acquiring 2,138 BTC for approximately $209 million, which translates to around $97,837 per Bitcoin. This bold move has resulted in a Bitcoin yield of 47.8% for the quarter to date (QTD) and an impressive 74.1% year to date (YTD). By December 30th, the company held a substantial 446,400 BTC, valued at about $27.9 billion, with an average cost of $62,428 per Bitcoin.
History of Hints Before Bitcoin Buys
Michael Saylor, the driving force behind MicroStrategy, has been known for his strategic hints about impending Bitcoin purchases. Recently, he shared a chart from SaylorTracker, a platform dedicated to monitoring the company’s Bitcoin holdings. This cryptic message spurred speculation about a potential new acquisition. Saylor has a track record of dropping hints, as seen in December when MicroStrategy purchased 5,262 BTC valued at $561 million following a similar hint. These signals often precede major acquisitions, reinforcing MicroStrategy’s position as the largest corporate holder of Bitcoin, with a current holding of 442,262 BTC worth approximately $41.4 billion.
Preparing for Bigger Moves
MicroStrategy is not resting on its laurels; the company recently moved to secure additional capital by seeking shareholder approval to increase its shares. A proposal filed with the SEC aims to expand the company’s Class A common shares from 330 million to 10.33 billion and its preferred shares from 5 million to 1.005 billion. This strategic measure is intended to fuel further Bitcoin acquisitions, signaling MicroStrategy’s unwavering commitment to its Bitcoin investment strategy.
Huge Milestone for MicroStrategy
In addition to its financial maneuvers, MicroStrategy’s inclusion in the Nasdaq 100 has cemented its standing in the cryptocurrency sector. Analysts suggest this achievement could attract up to $2 billion in passive fund inflows, potentially boosting the company’s stock value and enhancing its visibility among institutional investors. Despite the volatile nature of the market, MicroStrategy remains steadfast in its goal of expanding its Bitcoin reserves, reinforcing its status as a pivotal player in the crypto landscape.
FAQ
How much Bitcoin Does MicroStrategy Own?
As of December 30, 2024, MicroStrategy owns 446,400 bitcoins.
Is MicroStrategy in the S&P 500?
MicroStrategy is not currently listed in the S&P 500 index.
