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Key Takeaways
- MicroStrategy added more Bitcoins to its holdings.
- The company’s Bitcoin investment yielded substantial returns in 2024 despite a late-year stock dip.
- MSTR joined the Nasdaq-100, marking a milestone year for the firm.
MicroStrategy has further cemented its position as a leading institutional Bitcoin holder, announcing the acquisition of an additional 2,138 BTC.
Bạn đang xem: MicroStrategy Extends Bitcoin Buying Streak to 8 Weeks, but MSTR Cools Off
The purchase, totaling approximately $209 million, was made at an average price of $97,837 per Bitcoin.
MicroStrategy Continues BTC Purchases
This latest buy brings MicroStrategy’s total holdings to 446,400 BTC, acquired at a cumulative cost of about $27.9 billion.
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The firm’s average purchase price stands at $62,428 per Bitcoin, reflecting its strategic focus on long-term Bitcoin adoption.
Michael Saylor , MicroStrategy’s executive chairman and Bitcoin evangelist, continues to champion the asset despite market volatility.
The latest purchase was funded through the company’s at-the-market (ATM) share sales program, which still has $6.88 billion available for future investments.
MicroStrategy’s commitment to Bitcoin paid off handsomely in 2024, with the company reporting a 47.8% quarter-to-date return and a staggering 74.1% year-to-date return on its Bitcoin investment.
MSTR’s December Dip Amid Stellar Year
MicroStrategy’s stock (MSTR), while achieving remarkable growth throughout 2024, faced a slowdown in December.
The shares dropped over 6%, settling at $330 by year-end—down from their December high of $387.47, shortly after the company joined the Nasdaq-100 index.
Despite the December decline, MSTR stock closed the year with an extraordinary 442% gain, far outpacing most market performers.
At the beginning of 2024, the stock was valued at just $69.25, underscoring its meteoric rise fueled by Bitcoin’s strong performance and institutional interest in the digital asset.
MicroStrategy’s Bitcoin-centric strategy has also propelled its stock to outperform all S&P 500 companies.
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