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MicroStrategy Continues to Accumulate Bitcoin

MicroStrategy is nearing ownership of 2% of bitcoin's total supply.
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Dec 2, 2024 • 1 min read

MicroStrategy has acquired an additional 15,400 BTC for $1.5 billion, bringing its total holdings to 402,100 BTC worth over $38 billion.

What’s the Scoop?

  • MicroStrategy's most recent purchase bought 15,400 BTC at $95,976 per Bitcoin. This acquisition was funded by selling 3.7M shares, matching the $1.5 billion purchase.
  • Total BTC holdings acquired at an average price of $58,263 per BTC, costing $23.4 billion. MicroStrategy targets $42 billion in capital raises to continue its BTC strategy.

Bankless Take:

MicroStrategy’s relentless accumulation cements its status as a corporate Bitcoin pioneer. By leveraging equity and fixed-income raises, the firm is aligning its long-term vision with Bitcoin’s scarcity. However, sustained success hinges on BTC’s appreciation; significant market downturns could amplify shareholder risks. Michael Saylor’s advocacy could inspire broader institutional adoption, further intertwining Bitcoin with corporate finance.

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.

Published in Bankless

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