As a seasoned researcher with a keen interest in digital currencies, I find myself constantly intrigued by MicroStrategy’s relentless Bitcoin acquisition spree. Having closely followed the cryptocurrency market for years, I must admit that I’ve rarely seen such a bold and strategic move from a publicly-traded company.


On Mondays, Bitcoin supporters find themselves starting the week in a familiar rhythm, as MicroStrategy announces another significant purchase – this time investing $1.5 billion in Bitcoin.

Bitcoin enthusiast Adam Back promptly praised the action, labeling the typical entry cost of around $95,976 as a ‘reasonable value.’

MicroStrategy has purchased approximately 15,400 Bitcoins for around $1.5 billion each Bitcoin costing roughly $95,976. This move has resulted in a Quarter-to-Date (QTD) Bitcoin Yield of 38.7% and Year-to-Date (YTD) yield of 63.3%. As of December 2nd, 2024, we hold about 402,100 Bitcoins that were acquired for approximately $23.4 billion, with each Bitcoin costing around $58,263. Symbol: MSTR

— Michael Saylor (@saylor) December 2, 2024

For three Mondays in a row, the business intelligence giant founded by Michael Saylor has declared significant Bitcoin purchases. Even though the company invested around $1.5 billion to buy 15,400 Bitcoins, it lags behind the previous week’s record of 55,500 Bitcoins (valued at $5.4 billion at that time).

Through the recent purchase, MicroStrategy now holds a total of approximately 402,100 Bitcoins, which were obtained at an average cost of around $58,263 per coin.

As an analyst, I’m sharing that our company has invested approximately $23.5 billion to amass its Bitcoin holdings. With the current price of Bitcoin hovering around $95,000, this collection is worth more than $38 billion – translating into a potential paper profit of nearly $15 billion.

In simpler terms, Adam Back – a key figure in Blockstream and a long-time advocate of Bitcoin – responded to Saylor’s post by stating that some individuals (possibly referring to themselves as “suckers”) may have sold their Bitcoins for less than $100,000 each to Saylor and MicroStrategy during the weekend.

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2024-12-02 16:30