MicroStrategy ended 2024 with the purchase of 2,138 BTC for $209 million, bringing its holdings to 446,400 BTC, acquired at an average cost of $62,428, totaling $27.9 billion.
Furthermore, MicroStrategy’s strategy, driven by its founder Michael Saylor, has been under constant criticism in the crypto community. However, Saylor shared a chart from SaylorTracker.com, highlighting the growing Bitcoin reserves and suggesting further purchases.
MicroStrategy: A Pillar of Institutional Bitcoin Adoption
MicroStrategy has established itself as the largest corporate holder of Bitcoin, surpassing other companies. With an estimated $41.4 billion worth of Bitcoin, the company continues to set the standard for institutional cryptocurrency adoption.
Saylor's strategy sees Bitcoin as a reserve asset and an engine of financial transformation.
This approach has led the company to returns of 47.8% quarter-to-quarter and 74.1% year-to-date (QTD and YTD, respectively).
As holdings de Bitcoin da MicroStrategy somam 446.400 BTC. Fonte: X/@saylor
MicroStrategy’s inclusion in the Nasdaq 100 was also a catalyst for its success. This achievement opened the door to passive investment flows of up to $2 billion, increasing the company’s institutional visibility and strengthening its position in the global financial market.
Preparing for a crypto future
However, in a strategic move, MicroStrategy has submitted a proposal to the SEC to increase the number of outstanding Class A common shares to 10.3 billion and preferred shares to 1.0 billion. This increase is designed to raise additional capital to support its aggressive Bitcoin acquisition policy.
This bold approach reflects the company’s confidence in the long-term growth of Bitcoin. In a market marked by volatility, MicroStrategy positions itself as a key player, not only to protect its capital but also to lead the narrative of enterprise adoption.
The article MicroStrategy’s Bitcoin Treasury Rises to 446,400 BTC appeared first on BeInCrypto.
