Bitcoin Near All-Time Highs? These Companies Are Buying More
Corporations are buying Bitcoin aggressively, even at all-time-high prices, signaling strong confidence in Bitcoin's long-term value despite elevated market conditions. Despite Bitcoin trading near all-time highs, three companies – MicroStrategy, Metaplanet, and KULR Technology Group – are doubling down on their BTC acquisition strategies.
Their moves underscore a growing trend of corporations embracing Bitcoin as a key treasury asset, signaling confidence in its long-term value despite elevated prices.
MicroStrategy, the largest corporate holder of Bitcoin, announced another $101 million purchase, bringing its total holdings to an unprecedented 447,470 BTC. With an average acquisition price of $62,503, the company’s commitment has remained steadfast even as Bitcoin hovers near record levels.
Chairman Michael Saylor revealed plans to raise $42 billion by 2027 through equity sales and debt instruments, fueling MicroStrategy’s continued Bitcoin strategy. The firm’s BTC holdings generated an impressive 74.3% yield in 2024, cementing its role as a pioneer in integrating Bitcoin into corporate finance.