MicroStrategy Bitcoin holdings reach $27B as purchases surge

MicroStrategy has significantly increased its Bitcoin (CRYPTO:BTC) holdings, surpassing levels seen during the 2021 bull market.

The company's Bitcoin treasury now totals 439,000 BTC, valued at around $27 billion, according to co-founder Michael Saylor.

In November and December 2024, MicroStrategy made large Bitcoin acquisitions, with the biggest purchase on November 24, acquiring 55,500 BTC at approximately $97,000 per coin.

This follows a series of significant purchases in November, including 27,200 BTC on November 10, and 51,780 BTC on November 17.

The company's largest acquisition during the 2020-2021 bull run was 29,646 BTC on December 21, 2020, when Bitcoin was priced around $21,000.

MicroStrategy's Bitcoin strategy has been widely observed, with many seeing it as a signal of institutional interest in Bitcoin.

The company’s actions are viewed as a catalyst for Bitcoin’s price, attracting liquidity from the stock market into the crypto market.

MicroStrategy's Bitcoin acquisitions have also garnered attention for their influence on the broader market, with analysts suggesting they could impact institutional involvement in Bitcoin.

On December 23, 2024, MicroStrategy was added to the Nasdaq 100 index, providing stock investors exposure to Bitcoin.

This inclusion allows holders of ETFs like Invesco QQQ Trust to gain indirect exposure to Bitcoin.

The company’s decision to buy Bitcoin even at high prices is reflected in Saylor's remarks, where he expressed confidence in continuing to acquire Bitcoin at peak levels, even as high as $1 million per coin.

At the time of reporting, the Bitcoin (BTC) price was $94,211.78.