American business intelligence firm and the world’s first corporate bitcoin holder, MicroStrategy, has continued to cement its position as the highest institutional bitcoin holder. As recently announced via an X post by its founder, Michael Saylor, the company has acquired an additional 2,138 BTC.
MicroStrategy has acquired 2,138 BTC for ~$209 million at ~$97,837 per bitcoin and has achieved BTC Yield of 47.8% QTD and 74.1% YTD. As of 12/29/2024, we hodl 446,400 $BTC acquired for ~$27.9 billion at ~$62,428 per bitcoin. $MSTR https://t.co/58aXM7g6u2
— Michael Saylor⚡️ (@saylor) December 30, 2024
446.4k BTC Bagged
Within the past week, MicroStrategy spent about $209 million to top up its bitcoin stash. It now holds 446,400 bitcoins, about 2.13% of the total fixed bitcoin supply. Notably, it acquired its latest holdings at approximately $97,837 per BTC to reduce its average purchase price to $62,428 per unit.
The Bitcoin company has spent $27.9 billion on acquiring the apex coin. BTC’s spot price of $93,000 shows that its holdings are worth more than $41.5 billion, indicating about $13.6 billion in unrealized profits. It has also achieved a BTC Yield of 47.8% quarter-to-date and 74.1% year-to-date.
Eight Weeks Bitcoin Purchase Streak
The business intelligence firm has displayed unwavering confidence in BTC by shopping for more amid the recent ups and downs in the market. Within the past eight weeks, MicroStrategy has acquired the leading crypto at varied prices, ranging between $74,000 and $107,000.
While many investors were cashing out from the price uptrend, Saylor led his company to scoop about 194,180 bitcoins from the market, storing up the crypto as he wants the firm to become the world’s leading bitcoin bank.
Remarkably, Saylor’s strategic Bitcoin reserve yields even more profits than foreseen. MicroStrategy has made it to the Nasdaq-100 and will be on the list, starting in 2025, overtaking famous firms like Moderna Inc and Super Micro Computer.
Bitcoin Adoption Grows
A few publicly traded firms, like Japanese Metaplanet, American Bitcoin miners, Riot, and Marathon Digital, have followed in MicroStrategy’s footsteps.
The latest on the list is Kurl Technology Group, a California-based battery manufacturer. Last week, It purchased 217.18 bitcoins for approximately $21 million, and its stock jumped by over 30% after the announcement.
Countries like El Salvador have also joined the pack, holding about 6,000 bitcoins, while Hong Kong’s government plans to switch to a strategic Bitcoin reserve in the coming year.
Meanwhile, famous American author Robert Kiyosaki says that it is never too late for anyone to purchase bitcoin.
