As an analyst with a decade-long career studying market trends, I find myself increasingly intrigued by MicroStrategy’s strategic moves under the leadership of Michael Saylor. The recent $2.1 billion BTC acquisition is yet another bold move that underscores their faith in Bitcoin‘s long-term potential.
It appears that MicroStrategy, the global leader in Bitcoin ownership among corporations, has once again made a significant purchase.
This time, the firm spent $2.1 billion at an average price of $98,782 to acquire 21,550 BTC.
MicroStrategy has purchased 21,550 Bitcoins for approximately $2.1 billion, or around $98,783 per Bitcoin. This acquisition has resulted in a quarter-to-date (QTD) yield of 43.2% and a year-to-date (YTD) yield of 68.7%. As of December 8, 2024, we hold a total of 423,650 Bitcoins, acquired for approximately $25.6 billion, or around $60,324 per Bitcoin. ($MSTR)
— Michael Saylor (@saylor) December 9, 2024
Through this significant acquisition, Saylor and his colleagues have boosted the company’s overall bitcoin holdings to a staggering 423,650 Bitcoins. This amassment translates to approximately $42 billion at present values.
Due to the fact that they invested $25.6 billion to acquire it, this indicates that the publicly traded titan now holds an untapped profit of over $17 billion.
Keep in mind that for the last four consecutive Mondays, MicroStrategy has consistently declared significant Bitcoin buys.
In a recent conversation, the bitcoin advocate from their company, Saylor, declared they plan to keep acquiring this asset, even if it reaches a price of $1 million. He anticipates that the value of cryptocurrency will continue to rise over the coming years and could potentially reach an astounding $13 million per BTC by 2045.
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2024-12-09 16:58