Catenaa, Tuesday, December 24, 2024 – MicroStrategy has purchased an additional 5,262 BTC for $561 million at an average price of $106,662 per Bitcoin, according to post on Platform X posted on Monday.
The acquisition raises the company’s total Bitcoin holdings to 444,262 BTC, accumulated at an average cost of $62,257 per Bitcoin, co-founder Michael Saylor announced Monday on X.
“As of 12/22/2024, we hodl 444,262 $BTC acquired for ~$27.7 billion at ~$62,257 per Bitcoin,” Saylor stated, touting quarterly and yearly Bitcoin yield rates of 47.4% and 73.7%, respectively.
The announcement coincides with MicroStrategy’s inclusion in the Nasdaq 100 index, positioning it among the top 100 companies by market capitalization.
The move provides stock investors indirect Bitcoin exposure through the company and the Invesco QQQ Trust, an ETF managing $322 billion in assets.
The firm also unveiled new board members, including Brian Brooks, former Binance.US CEO, and Jane Dietze from Galaxy Digital, signaling its focus on Bitcoin-centric growth.
Michael Saylor reaffirmed his bullish outlook, projecting potential Bitcoin purchases of up to $1 billion per day if the asset hits $1 million per coin.
He also voiced strong support for President-elect Donald Trump’s proposal to create a strategic Bitcoin reserve, which Saylor claims could unlock trillions in wealth and eliminate US national debt.
