With the most recent acquisition, the company now has an astounding 444,262 BTC in total, which was acquired at an average price of $62,257 per Bitcoin.
The biggest corporate Bitcoin holder, MicroStrategy, has increased its holdings by 5,262 BTC, spending $561 million at an average price of $106,662 per Bitcoin.
In a Monday post on X, MicroStrategy co-founder Michael Saylor said that the latest purchase brings the company’s total holdings to an impressive 444,262 BTC, accumulated at an average cost of $62,257 per Bitcoin.
“As of 12/22/2024, we hodl 444,262 $BTC acquired for ~$27.7 billion at ~$62,257 per bitcoin,” he wrote.
MicroStrategy has acquired 5,262 BTC for ~$561 million at ~$106,662 per bitcoin and has achieved BTC Yield of 47.4% QTD and 73.7% YTD. As of 12/22/2024, we hodl 444,262 $BTC acquired for ~$27.7 billion at ~$62,257 per bitcoin. $MSTR https://t.co/asDGerBV7q
— Michael Saylor⚡️ (@saylor) December 23, 2024
MicroStrategy to Join Nasdaq 100 Index
As MicroStrategy gets ready to join the Nasdaq 100 index on December 23, 2024, the announcement was made.
Stock investors, including those who own the Invesco QQQ Trust (QQQ), an exchange-traded fund (ETF) that manages $322 billion in assets, can now indirectly access Bitcoin thanks to the company’s inclusion among the top 100 largest companies on the Nasdaq by market capitalization.
Along with increasing its Bitcoin reserves, MicroStrategy has changed its leadership in a big way.
Gregg Winiarski from Fanatics Holdings, Jane Dietze, a board member at Galaxy Digital, and Brian Brooks, a former CEO of Binance.US and U.S. Comptroller of the Currency, are among the new board members.
The company’s strategic positioning as a Bitcoin-centric organization is reflected in these additions.
The company’s co-founder and ardent supporter of Bitcoin, Michael Saylor, is unwavering in his optimism.
According to Saylor, MicroStrategy plans to purchase Bitcoin at its highest value at every stage of the asset’s life cycle.
He made predictions about potential acquisitions in an interview with Yahoo Finance, estimating that if Bitcoin reaches $1 million per coin, he could buy up to $1 billion every day.
Saylor Supports Trump’s Strategic Bitcoin Reserve
As reported, Saylor has expressed strong support for President-elect Donald Trump’s proposal to establish a strategic Bitcoin reserve.
The proposal, which was detailed in his “Digital Assets Framework” policy released on Friday, provides a road map for the US to support the expansion of the digital asset sector, set precise compliance guidelines, and guarantee well-defined rights for businesses and holders of crypto assets.
Saylor emphasized how crucial it is that the United States spearhead the global digital economy by innovating in digital assets.
“By establishing a clear taxonomy, a legitimate rights-based framework, and practical compliance obligations, the United States can lead the global digital economy,” he wrote.
He went on to say that such actions could secure the U.S. dollar’s position as the foundation of the digital financial system, empower millions of businesses, and unlock trillions of dollars in wealth.
Saylor did not say how big the reserve would be, but he said it could generate between $16 and $81 trillion in wealth, which could wipe out the $36 trillion in U.S. national debt.