MicroStrategy Acquires 15,350 BTC for $1.5 Billion, Bringing Holdings to 439,000 BTC
Highlights:
- MicroStrategy has purchased 15,350 BTC for $1.5 billion, its sixth acquisition in six weeks.
- The company now holds 439,000 BTC, bought for $27.1 billion at an average price of $61,725 per coin.
- MicroStrategy’s holdings represent over 2% of Bitcoin’s total supply.
MicroStrategy has announced another major Bitcoin purchase, spending $1.5 billion to acquire 15,350 BTC at an average price of $100,386 per coin. This marks the company’s sixth Bitcoin acquisition in six weeks, further cementing its position as the largest public holder of Bitcoin.
Details of the Latest Purchase
With this recent acquisition, MicroStrategy now owns 439,000 BTC, acquired for $27.1 billion at an average price of $61,725 per Bitcoin. The company’s Bitcoin holdings account for over 2% of the total BTC supply, highlighting its aggressive adoption of a “Bitcoin Standard.”
MicroStrategy’s strategy has significantly boosted its financial performance, with its stock (MSTR) up over 540% year-to-date (YTD), according to MarketWatch. The company attributes part of this success to its exposure to Bitcoin. Additionally, MicroStrategy’s inclusion in the Nasdaq-100 underscores the growing recognition of its Bitcoin-focused strategy.
Bitcoin Whales and Bullish Market Sentiment
The rise in the number of Bitcoin whales like MicroStrategy reflects the increasing interest in the cryptocurrency. Crypto analyst Ali Martinez noted a “parabolic” growth in BTC whales following Donald Trump’s presidential election win.
Bitcoin has also been on a bullish trajectory, recently hitting an all-time high (ATH) of $106,000. Optimism surrounding the possibility of a Strategic Bitcoin Reserve under Trump’s administration has contributed to the surge. Michael Saylor, MicroStrategy’s co-founder, has championed this idea, even suggesting that the U.S. sell its gold reserves to invest in Bitcoin.
Conclusion
MicroStrategy’s aggressive Bitcoin acquisitions, combined with its steadfast commitment to the Bitcoin Standard, continue to solidify its position as a leader in cryptocurrency investment. With its holdings surpassing 2% of Bitcoin’s total supply and a bullish market environment, the company remains at the forefront of institutional Bitcoin adoption.
