On December 30, 2024, MicroStrategy bought an additional 2,138 Bitcoins worth $209 million. This purchase is part of the company’s long-term strategy to collect Bitcoin and is likely its last purchase in 2024. In December, MicroStrategy made five purchases, marking the eighth consecutive week it has been buying Bitcoin. According to a filing sent to the U.S. Securities and Exchange Commission (SEC), the company bought each Bitcoin in its latest purchase at a price of $97,837. Michael Saylor, the CEO of MicroStrategy, had previously announced plans to increase their purchases and advised investors to invest in Bitcoin gradually (DCA) every three months. MicroStrategy is now the largest public holder of Bitcoin, owning approximately 446,400 Bitcoins worth around $27.9 billion. The return on MicroStrategy’s Bitcoin investment in the current quarter is 47.8% and 74.1% since the beginning of the year. Saylor also stated intentions to issue more shares and use the proceeds to buy more Bitcoin. While rumors suggest MicroStrategy may halt Bitcoin purchases in January 2025, analysts predict that a bear market could impact the company’s buying strategy. To finance their purchases, MicroStrategy uses tools such as stock sales, debt, and interest-free convertible notes. This aggressive approach makes the company vulnerable to market fluctuations, but Michael Saylor has repeatedly stated that they have no intention of stopping Bitcoin purchases and will continue to buy more. You can track the live prices of all tokens and cryptocurrencies on the momentary price page.
