MicroStrategy, the software giant known for its aggressive Bitcoin accumulation strategy, has made headlines yet again with its latest BTC purchase. The company has acquired an additional 1,070 BTC for $101 million, marking its ninth Bitcoin purchase in as many weeks.
Breaking Down the Latest Purchase
According to the announcement, MicroStrategy bought the 1,070 BTC at an average price of $94,004 per Bitcoin. This acquisition boosts its total Bitcoin holdings to an impressive 447,470 BTC, purchased at a combined cost of $27.97 billion. The average price per Bitcoin in MicroStrategy’s portfolio now stands at $62,503.
MicroStrategy’s Unmatched BTC Holdings
MicroStrategy continues to dominate as the public company with the largest Bitcoin holdings globally. Its relentless accumulation strategy has not slowed down, with last week’s purchase of 2,138 BTC for $209 million further solidifying its position.
Financial Highlights
The company also shared insights into its performance, revealing a BTC yield of 48.0% in Q4 2024 and 74.3% for the 2024 financial year. These numbers underscore the profitability of its Bitcoin strategy, even as it plans to raise up to $2 billion to further expand its BTC holdings.
A Bold Bet on Bitcoin
MicroStrategy’s unwavering commitment to Bitcoin reflects its belief in the long-term potential of the cryptocurrency. As the company continues to increase its holdings, it sets a strong precedent for other institutions considering BTC as a reserve asset.
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