MicroStrategy Acquires 21,550 More Bitcoin for $2.1 Billion

MicroStrategy strengthens its status as the largest corporate owner of Bitcoin. Between December 2, 2024 and December 8, 2024, MicroStrategy bought 21,550 BTC for $2.1 billion. Its investment was worth $2.1 billion with the company spending an average of $98,783 in each Bitcoin the past week. MicroStrategy holds 423,650 Bitcoin as of December 9, 2024. These holdings are worth $42.36 billion at today’s price of average $100,000 per bitcoin. The company has so far invested $25.6 billion in Bitcoin and has an average purchasing price of $60,324 per Bitcoin since the inception of their investment holdings. MicroStrategy’s various acquisition tactics indicate that the software company has taken a very ambitious approach in its efforts to buy Bitcoin which they’re confident has become a long-term store of value and a better form of currency than fiat money.

Source: Google

• MicroStrategy purchased an additional 21,550 bitcoins worth $2.1 billion in one week from December 2-8, 2024. The balance sheet shows that the company owns 423,650 bitcoins that are valued at $42.36 billion.
• MicroStrategy has bought $25.6 billion worth of Bitcoin with an average price of $60,324 per bitcoin. Bitcoin surged by 40% within five weeks to touch $100,000.
• MicroStrategy has gained 20% of its value in the last month and 480% this year.

Source: KuCoin

Between December 2, 2024 and December 8, 2024, MicroStrategy bought 21,550 BTC for $2.1 billion. On average, each Bitcoin’s price in their portfolio is $98,783. This is one of the biggest weekly acquisitions in the company’s history. For this acquisition they utilized cash equivalent of $100 million and issued 5,418,449 shares of MicroStrategy. They did this to raise $2.13 billion from these shares. Discounting fees, which amounted to $5,354 Microstrategy used nearly all the remaining income spent on buying Bitcoin.

This acquisition brings MicroStrategy’s overall holding of this Bitcoin to 423,650. As of now these investments are worth $42.36 billion with each bitcoin priced at an average $100,000.

MicroStrategy has been buying Bitcoin since 2020, and it has directly invested $25.6 billion in the cryptocurrency. Its average purchase price is $60,324 for each Bitcoin. Bitcoin’s price surged by 40% in the last five weeks, where it rose from an average of $70,000 to $100,000. MicroStrategy’s shares increased by 20% in the same period, which is a sign of increased confidence in the company’s Bitcoin approach. From March 26, 2024 the stock has gained 480%. In the same period, the S&P 500 index only rose by 17%. A total of 19.2 million bitcoins are in circulation, and MicroStrategy is now in possession of 2.2%. This makes the company the single largest corporate Bitcoin holder in the entire world.

Read More: MicroStrategy Gains $16.8B as Bitcoin Tops $100K, Base Activity Soars with 8.8M Daily Transactions and $3.6B TVL and More: Dec 6

This financial year MicroStrategy bought Bitcoin for 5 consecutive weeks. This constant buying is indicative of the fact that the company views bitcoin as a store of value in the long run. Bitcoin now makes up almost 100% of MicroStrategy's balance sheet. Bitcoin is preferred by the company more than fiat currencies and conventional investments. It has led to other institutions considering bitcoin as a treasury asset.

Read More: MicroStrategy's Struggles Amid BTC Surge

Bitcoin’s rise past $100,000 has driven new adoption among retail and institutional investors. MicroStrategy’s aggressive accumulation signals confidence in bitcoin’s ability to outperform traditional assets. The company’s stock rose 54% in the two weeks following Bitcoin’s price surge. Analysts expect this upward trend to continue as bitcoin’s price remains strong. MicroStrategy’s actions highlight its role as a market leader in crypto. Its consistent purchases have strengthened bitcoin’s institutional reputation and set a benchmark for corporate adoption.

Read More: MicroStrategy's Bitcoin Holdings and Purchase History: A Strategic Overview

MicroStrategy’s purchase of 2,551 Bitcoins at $2.1 Billion re-establishes the company’s long-term commitment to Bitcoin. The company currently owns 423,650 Bitcoin, which at the current price amounts to $42.36 billion. This investment represents 2.2% of the circulating supply of bitcoin. Furthermore, MicroStrategy’s plan is in part informed by the company’s view that Bitcoin is superior to other mediums of exchange and can overthrow conventional monetary frameworks. These actions demonstrate the involvement of the cryptocurrency in institutional finance and the ability of bitcoin to transform global markets.