- • Michael Saylor’s MicroStrategy has purchased another $1.5 billion worth of Bitcoin, acquiring an additional 15,400 BTC.
- • MicroStrategy now holds 402,100 BTC, worth around $23.4 billion, acquired at an average price of $58,263 per BTC.
- • MicroStrategy’s stock has surged 513% year-to-date, outperforming Bitcoin’s 117% gain, as the company continues its Bitcoin accumulation strategy.
MicroStrategy, led by CEO Michael Saylor, has once again purchased a large amount of Bitcoin to add to their corporate reserves. This time, the company spent $1.5 billion to acquire 15,400 BTC.
Saylor Announces the Latest Bitcoin Purchase on Twitter
Saylor took to Twitter to announce MicroStrategy’s most recent Bitcoin acquisition. In the tweet, he revealed that the company had purchased 15,400 BTC for approximately $1.5 billion at an average price of $95,976 per bitcoin. This brings MicroStrategy’s total bitcoin holdings to over 402,100 BTC.
MicroStrategy’s Bitcoin Holdings Now Worth Over $4.3 Billion
With this latest purchase, MicroStrategy now holds over $4.3 billion worth of Bitcoin. The company has acquired all of its Bitcoin at an average price of around $58,263 per BTC, meaning it is currently sitting on massive unrealized gains, as Bitcoin trades above $95,000 at the time of writing.
MicroStrategy Stock Outperforms Bitcoin in 2022
MicroStrategy’s Bitcoin accumulation strategy has strongly benefited its stock price. MSTR shares have surged over 513% year-to-date, easily outperforming Bitcoin’s 117% gains in 2022. After Trump’s reelection, MicroStrategy stock jumped as much as 70% in a day.
More Companies Follow MicroStrategy’s Lead
Under Saylor’s leadership, MicroStrategy has led the way for public companies allocating part of their reserves to Bitcoin. Its success has inspired other firms like Tesla and Block to buy Bitcoin for their corporate balance sheets. With Bitcoin’s price projected to keep increasing, MicroStrategy’s early and aggressive BTC acquisition strategy may inspire more corporate Bitcoin adoption.
Conclusion
MicroStrategy’s latest $1.5 billion Bitcoin buy reaffirms the company’s commitment to using BTC as its primary reserve asset. If Bitcoin continues its upward trajectory, Michael Saylor’s big bet on Bitcoin could make MicroStrategy one of the best performing stocks of this decade. The company shows no signs of slowing down its Bitcoin accumulation, indicating that Saylor remains extremely bullish on BTC’s long-term potential.
