icrostrategy is currently the company with the most Bitcoin holdings. Furthermore, since August 6th and September 12, Microstrategy has purchased approximately 18,300 BTC for 1.1Billion dollars at an average price of $60,400 Per BTC.
Funding Strategy
Microstrategy funded the $1,1 Billion dollar purchase of BTC by selling up to 8 million shares from various companies through various financial institutions. This is an unusual and aggressive funding strategy that MicroStrategy has employed in the acquisition of Bitcoins over the past year.
MicroStrategy's Bitcoin Portfolio
With Microstraegy’s latest BTC Purchase, the company now holds approximately 244,800 BTC which are worth more than $14 billion dollars. The company’s average cost of each Bitcoin is $38,580 with a total investment of $9.45 Billion Dollars.
Investment Performance
In a recent interview, Michael Saylor mentioned that his Bitcoin investment has yielded 4% during this quarter and 17% the past year in 2024. This metric is very important in order to evaluate the firm’s approach towards the acquisition of Bitcoin and the effect it has on its shareholders.
MicroStrategy's Bitcoin Bet Pays Off
MicroStrategy’s further accumulation of BTC highlights the ongoing high confidence in BTC as a store of value. In any case, the implementation of this strategy has proven to be beneficial to shareholders since the stock value has risen by approximately 91% in 2024.
