As a seasoned investor with a keen eye for spotting trends and a knack for taking calculated risks, I can’t help but be impressed by MicroStrategy’s aggressive Bitcoin strategy under the leadership of Michael Saylor. Having witnessed the meteoric rise of Bitcoin over the past few years, I have always kept a close watch on companies that are daring enough to invest heavily in this revolutionary digital currency.
The consistent weekly Bitcoin purchases by MicroStrategy, which now total 446,400 BTC, demonstrate a level of conviction that is rare in today’s uncertain market landscape. The fact that the company has invested over $27.9 billion so far, with potentially more acquisitions on the horizon, speaks volumes about their belief in Bitcoin’s long-term potential.
Their strategic moves have not only propelled MicroStrategy into the Nasdaq 100 but also made it one of the best-performing stocks in 2024. Despite the recent drawdown in BTC’s price, MSTR’s share price surge of 402% outperformed Bitcoin’s 119% increase, proving that their approach is paying off.
As a long-term investor, I find it fascinating to observe how MicroStrategy has managed to leverage Bitcoin as both a strategic reserve asset and a growth driver for the company. Their ability to fund their acquisitions through an ATM program is truly innovative, allowing them to capitalize on market opportunities while maintaining financial flexibility.
Investing in Bitcoin has not only been a smart move for MicroStrategy but also an inspiration for other companies to reconsider the potential of digital currencies as part of their investment strategies. As I continue to monitor the crypto market, I can’t help but wonder if MicroStrategy’s bold moves will become the blueprint for future corporate Bitcoin investments.
And to lighten the mood, let me end with a little joke: “I guess you could say that Michael Saylor and MicroStrategy are really ‘mining’ their own lane in the crypto world!
In a move that surprised many, the software company MicroStrategy, now also involved in Bitcoin development, expanded its overall Bitcoin holdings to approximately 446,400 coins.
In a recent post on December 29th, Executive Chairman Michael Saylor playfully hinted at MicroStrategy’s latest Bitcoin (BTC) acquisition. As confirmed by the company’s securities disclosure filings, they purchased 2,138 BTC for approximately $209 million over the past week.
In the past eight weeks, MicroStrategy has consistently bought Bitcoin, raising its average cost per Bitcoin to approximately $62,428. This strategic move, initiated in 2020, has seen the company invest more than $27.9 billion in Bitcoin.
MicroStrategy recently purchased 2,138 Bitcoins, spending approximately $209 million or around $97,837 per coin. This acquisition has given them a Quarter-to-Date (QTD) Bitcoin Yield of 47.8% and Year-to-Date (YTD) yield of 74.1%. As of December 29, 2024, they hold approximately 446,400 Bitcoins bought for roughly $27.9 billion or about $62,428 per coin. This equates to the company holding MSTR.
— Michael Saylor⚡️ (@saylor) December 30, 2024
For the past two months, MicroStrategy has been using an At-The-Market (ATM) program to finance its Bitcoin buys. This program allows them to generate funds by selling shares or securities. With $6.88 billion still available from this ATM program, it seems probable that more weekly Bitcoin purchases are imminent for MicroStrategy.
Through Bitcoin, a software developer from the dotcom era catapulted his company onto the Nasdaq 100. In a short span of time, this company surpassed approximately 30% of the existing index members and earned a 0.38% share within it.
Mastercard’s stock reached an all-time high of $473.83 on November 21st, but later dropped by about 40% from its peak following the holiday season. Similarly, Bitcoin’s surge has also shown signs of deceleration, currently trading around $92,900 – a 13.9% decrease from the all-time high of $108,135 it hit on December 17th.
In contrast to its dip, Mastercraft Stock (MSTR) stood out as the top-performing share in 2024, skyrocketing an impressive 402%. This significant surge exceeded Bitcoin’s growth of 119% during the same period.
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2024-12-30 16:59