MicroStrategy is cementing its position as a significant institutional Bitcoin holder. The corporation recently acquired 5,262 BTC for $561M, paying an average of $106,662 for each Bitcoin.
This acquisition demonstrates MicroStrategy's consistent commitment to the Bitcoin strategy, which has paid off nicely. The company has a Bitcoin yield of 47.4% quarter to far and an amazing 73.7% year to date. As of yesterday, December 22, 2024, MicroStrategy's Bitcoin treasury was 444,262 BTC. This amounts to an investment of approximately $27.7B. The average purchase price for all assets is $62,257 per Bitcoin.
MicroStrategy's chairman and founder, Michael Saylor, is still a vocal Bitcoin supporter. He frequently emphasizes its value as an inflation hedge and a transformative asset on business balance sheets.
This latest acquisition strengthens MicroStrategy's position as one of the major corporate Bitcoin holders. This shows that the company trusts Bitcoin as a long-term store of value. With this action, MicroStrategy strengthens its position at the forefront of corporate Bitcoin use.
