MicroStrategy’s Latest Bitcoin Purchase Takes Total Holdings To 446,400 BTC

The world's largest corporate owner continues to stockpile Bitcoin, allocating $209 million to buy 2,136 BTC.

The company's stock has reached more than 446,000 BTC with this eight consecutive Monday purchases.

MicroStrategy acquired 2,138 BTC for ~$209 million at ~$97,837 per Bitcoin and achieved a BTC yield of 47.8% QTD and 74.1% YTD. In the year Since 12/29/2024 we have bought 446,400$BTC for ~$27.9 billion at ~$62,428 per bitcoin. $MSTR

— Michael Saylor⚡️ (@saylor) December 30, 2024

After the announcement of multi-billion dollar purchases in November and early December, Microstrategy reduced BTC investments but continued to allocate millions.

The latest, announced by co-founder Michael Saylor earlier today, came in at an average price of $97.834 per BTC. The company spent just $28 billion to raise an average valuation of $62,428.

Although the price of Bitcoin is 15% away from its all-time high last week, MicroStrategy's holdings are now worth $41.5 billion. This means that the company now has more than 13 billion dollars in undisclosed profits.

As happened with the last two purchases, however, Peter Schiff, a famous BTC critic, was the first to destroy Saylor and the company he founded. The gold bug has repeatedly claimed that it was only microstrategy purchases that pushed the price of BTC northward. This “small purchase” above the current average price will not increase the property.

They still announced a small buy at an average price above the current price. You are no longer buying enough Bitcoin to keep the price going up.

— Peter Schiff (@PeterSchiff) December 30, 2024

It is worth noting that the price of BTC has indeed declined in the past two weeks. It went above $108,000 to the current level of $93,000, losing 15% in the process since the last meeting of the FOMC in the year.