MicroStrategy Acquires 2,138 BTC for $209 Million

Between December 23 and 29, MicroStrategy acquired 2,138 BTC for approximately $209 million at an average price of about $97,837 per coin. The quarterly investment yield shows a 47.8% increase, while the annual yield is 74.1%.

MicroStrategy has acquired 2,138 BTC for ~$209 million at ~$97,837 per bitcoin and has achieved BTC Yield of 47.8% QTD and 74.1% YTD. As of 12/29/2024, we hodl 446,400 $BTC acquired for ~$27.9 billion at ~$62,428 per bitcoin. $MSTR https://t.co/58aXM7g6u2

— Michael Saylor⚡️ (@saylor) December 30, 2024

As of December 29, the company holds 446,400 BTC, acquired for a total of $27.9 billion at an average price of $62,428 per coin.

Bitcoin critic and Euro Pacific Capital President Peter Schiff commented on Michael Saylor’s post, pointing out that MicroStrategy is buying fewer coins for more money, which is insufficient to support the price growth of the leading cryptocurrency.

Once again you’ve announced a smaller buy at an average price that’s above the current price. You’re no longer buying enough Bitcoin to keep the price rising.

— Peter Schiff (@PeterSchiff) December 30, 2024

According to Bloomberg Terminal, companies that previously invested in Bitcoin, such as Metaplanet and KULR, have become leaders in growth among all companies worldwide with a market capitalization of $250 million or more. MicroStrategy ranks 17th on the list.

What a Bitcoin Standard can do for your company:@Metaplanet_JP is the best-performing public equity in the world! (among firms with over $250M market cap and $50M+ in average daily trading volume)

The Bitcoin flywheel effect is real ? pic.twitter.com/r2hidMgK9O

— Simply Bitcoin (@SimplyBitcoinTV) December 29, 2024

In 2025, a proposal to increase the number of securities as part of the “21/21” Plan for Bitcoin purchases will be put to a shareholder vote at Michael Saylor’s company.

According to JPMorgan, in the second half of the year, public miners of the leading cryptocurrency increasingly adopted MicroStrategy’s strategy of accumulating digital gold.