MicroStrategy Inc MSTR extends its Bitcoin BTC/USD acquisition strategy, announcing on Monday its latest purchase of 2,138 BTC for approximately $209 million to bring the company’s total holdings to 446,400 BTC.
What Happened: MicroStrategy’s Executive Chairman Michael Saylor announced the acquisition on X, having purchased the Bitcoin at an average price of $97,837 per coin.
Saylor highlighted MicroStrategy’s performance, noting a “BTC Yield of 47.8% QTD and 74.1% YTD.”
As of Dec. 29, MicroStrategy’s total Bitcoin holdings were acquired for about $27.9 billion at an average price of $62,428 per Bitcoin.
Also Read: Ethereum To Outperform Bitcoin In Q1 2025 For These 3 Reasons, Whale Trader Says
Why It Matters: This latest purchase marks the eighth consecutive week of Bitcoin acquisitions for MicroStrategy, although the volume of purchases has decreased compared to previous weeks.
Bloomberg highlighted the decreasing volume, which possibly comes as a response to the recent price fluctuations that saw Bitcoin briefly surpass $100,000 before settling back down.
MicroStrategy’s aggressive Bitcoin strategy has propelled the company to new heights, with its market capitalization exceeding $80 billion and securing its place in the Nasdaq 100 Index.
The inclusion in this prestigious index is expected to boost the company’s visibility and attract significant inflows from major ETFs.
The company’s success has not been without controversy.
Research by BitMEX published on Nov.22 noted that MicroStrategy is trading at a 256% premium to the net asset value of its Bitcoin holdings.
This extreme valuation disparity has led some analysts to question the sustainability of the company’s strategy and the rationality of investor behavior.
Despite these concerns, MicroStrategy remains committed to its Bitcoin-centric approach.
The company aims to raise $42 billion over the next three years through stock sales and convertible debt offerings to fund further Bitcoin purchases, having already surpassed two-thirds of its equity goals in just two months.
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