MicroStrategy Buys 2,138 BTC, Brings Total Holdings to 446,400 BTC

Publicly traded company MicroStrategy has boosted its BTC holdings by buying 2,138 BTC (worth approximately $209 million). This brings its total bitcoin holdings to 446,400 BTC, valued at nearly $41 billion based on the digital asset’s current price.

MicroStrategy has acquired 2,138 BTC for ~$209 million at ~$97,837 per bitcoin and has achieved BTC Yield of 47.8% QTD and 74.1% YTD. As of 12/29/2024, we hodl 446,400 $BTC acquired for ~$27.9 billion at ~$62,428 per bitcoin. $MSTR https://t.co/58aXM7g6u2

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

MicroStrategy Continues Shopping

This month, the business intelligence firm announced five big BTC buys starting December 2nd. MicroStrategy confirmed buying most of this month’s BTC holdings using convertible senior note sales proceeds. This fundraising mechanism has garnered attention from firms that frequently accumulate the leading crypto asset.

These BTC purchases have established MicroStrategy as the leading publicly traded firm holding BTC. Notably, after its latest acquisition, the company now holds over 2.125% of bitcoin’s total supply of 21 million.

MicroStrategy’s frequent BTC acquisition practice has positively affected its MSTR stock and overall company performance. Last month, MSTR unlocked $543 for the first time. Around the same time, the company’s valuation of about $92 billion qualified it to join the Nasdaq 100 Index, which tracks the performance of the best-performing stocks on the stock exchange.

The same day MSTR joined the Nasdaq 100 Index, MicroStrategy announced the acquisition of 5,262 BTC worth $561 million. The latest big buy would be the second time the business intelligence firm would buy the apex cryptocurrency.

Like MicroStrategy, other publicly traded firms have started accumulating BTC. Topping the list is MARA Holdings, a Bitcoin mining firm holding 44,394 BTC. Other firms include Metaplanet, Boyaa Interactive, Semler Scientific, Riot Platforms, Hut 8, and Bitfarms.

BTC on a Free Fall

Only an hour after MicroStrategy announced its BTC acquisition, the crypto asset dropped from around $93,900 to $91,900, representing nearly a 3% price correction. As of this writing, BTC sold for $91,940.