Michael Saylor announced today that MicroStrategy purchased over 2,000 BTC on December 30, continuing a broad strategy of Bitcoin acquisition. This is potentially the firm’s final purchase of 2024.

The company has continued making major buys in spite of fresh turmoil in the crypto market, furthering speculation of a changed strategy in 2025.

MicroStrategy Buys More Bitcoin

According to the SEC filing, Microstrategy spent $209 million on today’s Bitcoin acquisition, paying over $97.8 million per BTC. It was the fifth purchase of December, and most notably, this is the eighth straight week that the firm has made consecutive BTC purchases.

However, this wasn’t a surprise, as Michael Saylor said in early December that the firm would ramp up its acquisition of the world’s largest exchange. Saylor even advised investors to adopt dollar-cost averaging (DCA) and invest in Bitcoin every quarter.

Nonetheless, today’s acquisition further extends MicroStrategy’s lead as the largest Bitcoin holder among publicly listed corporations.

“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 hold 446,400 BTC acquired for ~$27.9 billion at ~$62,428 per bitcoin,” Saylor claimed via social media post.

Last week, the company purchased $561 million worth of BTC after Saylor publicly advocated a US Bitcoin Reserve. The company remains firm on its aggressive Bitcoin accumulation strategy, as Saylor called

Go to Source to See Full Article
Author: Landon Manning