TL;DR
- MicroStrategy acquired 5,262 BTC for $561 million, consolidating its total reserves at 444,262 BTC, with an accumulated value of $27.7 billion.
- Institutions, governments, and funds now control 31% of all BTC in circulation, demonstrating MicroStrategy’s impact on corporate adoption of BTC.
- Michael Saylor projects that Bitcoin could reach $13 million per coin in the coming decades, driven by a growing crypto market.
MicroStrategy, the investment corporation with the largest Bitcoin holdings, continues to solidify its presence in the market and strengthen the power of its BTC portfolio. The company has just made a new acquisition, with its most recent purchase totaling 5,262 BTC at a cost of $561 million. The average price paid for each BTC acquired was $106,662.
With this latest acquisition, MicroStrategy’s total reserves now stand at 444,262 Bitcoin, acquired for an approximate total of $27.7 billion. The average purchase price is calculated at $62,257 per BTC. The company’s long-term strategy and confidence in the asset’s future have shown results. Its approach has remained consistent since 2020, the year the company decided to launch its aggressive acquisition strategy during a bull market.
Leadership and Corporate Adoption
The company has reached new heights under the leadership of its executive chairman, Michael Saylor, a strong advocate of Bitcoin as a store of value. In recent times, as institutions, governments, and funds have increased their exposure to the cryptocurrency, MicroStrategy has positioned itself at the forefront of corporate Bitcoin adoption, driving its integration into traditional financial strategies. Currently, these entities control approximately 31% of all BTC in circulation, a significant increase compared to the 14% recorded the previous year.
MicroStrategy’s Influence on the Industry
MicroStrategy’s influence is also evident in other companies adopting similar strategies to accumulate Bitcoin. Metaplanet, for instance, has increased its reserves following the same model. Meanwhile, some Amazon shareholders have suggested the company should invest in cryptocurrency.
Michael Saylor has projected an ambitious future for the Bitcoin market. He estimates that BTC could reach $13 million per coin in the coming decades, alongside the growth of the crypto market, which he predicts could expand to $280 trillion. Although these projections are highly optimistic, MicroStrategy’s decisions are already influencing market behavior. After its latest purchase, Bitcoin’s price rose slightly to $96,000. However, BTC remains in a stage of significant volatility
