MicroStrategy Buys $1.5B in Bitcoin, Raising BTC Holdings at 439K

Key Points

• MicroStrategy bought 15,359 BTC for $1.5 billion at $100,386 per coin.
• As of December 15, 2024, the company holds 439,000 BTC acquired for $27.1 billion.

Michael Saylor debuted this week with a bullish announcement. MicroStrategy bought more Bitcoin for about $1.5 billion, raising its total holdings to $439,000. The company’s BTC reserve is now worth over $46.7 billion at current prices of $106,400 per Bitcoin.

MicroStrategy Buys 15,530 BTC

In a new post via X, Saylor announced that MicroStrategy bought 15,350 BTC for $1.5 billion at $100,386 per coin.

The announcement revealed that as of December 15, the company owns 439,000 BTC acquired for $27.1 billion, at approximately $61,725 per coin.

The latest data was revealed in a new Form 8-K with the US SEC.

MicroStrategy official notes

In the same post via X, Saylor noted that MicroStrategy achieved a BTC yield of 46.4% QTD and 72.4% YTD.

Currently, MSTR is worth almost $426, up by over 2,800% in the past five years. The company started buying BTC in 2020 and continued purchasing the digital asset despite market volatility.

MSTR share

Naysayer Peter Schiff commented saying that Bitcoin’s price will fall much lower when MicroStrategy stops buying. He continued and said, “imagine how much lower it will go when creditors force you to sell.”

However, MicroStrategy has been constantly buying BTC since 2020, despite the occasional market volatility, during covid and other periods. The company hasn’t sold so far and, instead, promoted Bitcoin to others as well.

Also, MicroStrategy recently achieved great success – it became the first Bitcoin-centered company to be listed on the Nasdaq 100 Index, paving the way for other companies to follow its example.

MicroStrategy’s achievement, kicked off a price rally for BTC last Friday that took the digital asset to new heights above $106,000 today.

Bitcoin is Heading to New Heights

At the moment of writing this article, BTC is trading above $106,000, up by over 3% in the past 24 hours.

BTC price in USD today

Despite all the criticism and lack of trust from some names in the finance sector, Bitcoin continued to prove its strength and resilience.

2024 marked a highly successful year for BTC, with notable events including the approval of BTC ETFs and the recent addition of MicroStrategy to the Nasdaq 100 Index.

Global adoption continues and BTC’s use cases convince the world of its benefits. Earlier, we revealed that Europe is already seeing Bitcoin mining as a solution to its energy crisis.

The US, Japan, Russia, and other countries are currently working on establishing national BTC reserves , another proof that the future looks bright for BTC and the entire crypto industry.