MicroStrategy’s Bitcoin Holdings Surpass 400,000 BTC After New $1.5 Billion Investment

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As a seasoned crypto investor with over a decade of experience navigating the volatile world of digital assets, I find myself increasingly impressed by MicroStrategy’s bold and strategic moves in the Bitcoin market. Michael Saylor’s latest announcement of acquiring an additional 15,400 BTC for $1.5 billion at an average price of $95,976 per coin, pushing their total BTC balance to over 402,000 coins, is a testament to their long-term vision and commitment to Bitcoin.

The Nasdaq-traded company MicroStrategy has disclosed that it purchased an additional 15,400 Bitcoins for approximately $1.5 billion, with each coin costing around $95,976 on average. This acquisition brought their total Bitcoin holdings to over 402,100 coins.

As per a post on the social media platform X (previously known as Twitter), by its co-founder and chairman Michael Saylo, MicroStrategy has generated a Bitcoin Return of 38.7% this year and an impressive 63.3% since the beginning of the year. The company now owns a substantial amount of 402,100 Bitcoins, which they purchased for approximately $23.4 billion.

The business purchased its Bitcoin with an average price of about $58,263 per unit, and the total value of its Bitcoin holdings currently stands at approximately $37.4 billion.

MicroStrategy recently purchased 15,400 Bitcoins for approximately $1.5 billion, with each Bitcoin costing around $95,976. This move has resulted in a quarter-to-date (QTD) yield of 38.7% and a year-to-date (YTD) yield of 63.3%. As of December 2, 2024, we hold approximately 402,100 Bitcoins that were acquired for roughly $23.4 billion, with each Bitcoin costing about $58,263. The ticker symbol for MicroStrategy is $MSTR.

— Michael Saylor⚡️ (@saylor) December 2, 2024

To finance the recent purchase, MicroStrategy disposed of 3.7 million shares of its Class A common stock, accumulating approximately $1.48 billion in total. It’s important to clarify that MicroStrategy’s Bitcoin Yield doesn’t denote the earnings derived from its Bitcoin holdings, but instead signifies the amount of Bitcoin associated with each MSTR share as it grows over time.

At present, this strategic shift occurs as large Bitcoin investors (often referred to as “whales”) seize the opportunity presented by Bitcoin’s recent drop in value, continuing to amass more BTC. Simultaneously, short-term holders have transferred close to $4 billion of the cryptocurrency to exchanges.

As reported by CryptoQuant analyst Cauê Oliveira, large Bitcoin investors (referred to as “whales”) seized the opportunity presented by widespread selling due to fear (“panic selling”), accumulating approximately 16,000 Bitcoins valued at roughly $1.5 billion in a single day. This substantial increase was seen following the sales made by short-term holders.

In the post, the analyst pointed out that the given data mirrors balances held at institutional addresses within the cryptocurrency network. However, they added that there might be more Bitcoin being amassed, as funds left untouched in individual user accounts on cryptocurrency exchanges are not included in these calculations.

According to what he said, the increase in whales (large holders) hasn’t been substantial enough yet to show a trend of “massive buying during market dips,” as this behavior appears to be predominantly observed among institutional investors at this time.

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2024-12-02 22:37