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MicroStrategy, the largest corporate Bitcoin holder, has bolstered its reserves by purchasing an additional 5,262 BTC for $561 million, marking another milestone in its aggressive Bitcoin acquisition strategy. This purchase, made at an average price of $106,662 per Bitcoin, elevates the company’s total holdings to an impressive 444,262 BTC, acquired at an average cost of $62,257 per Bitcoin.
In an update on X (formerly Twitter), MicroStrategy co-founder Michael Saylor shared the news:
“As of 12/22/2024, we hodl 444,262 $BTC acquired for ~$27.7 billion at ~$62,257 per Bitcoin.”
MicroStrategy Joins Nasdaq 100 Index
The announcement coincides with MicroStrategy’s inclusion in the Nasdaq 100 index on December 23, 2024. This prestigious listing places the company among the top 100 largest firms on Nasdaq by market capitalization.
The inclusion offers indirect Bitcoin exposure to stock investors, including holders of the Invesco QQQ Trust (QQQ), an ETF managing $322 billion in assets.
Leadership and Strategic Expansion
MicroStrategy continues to align its leadership with its Bitcoin-centric vision. New board members include:
- Brian Brooks: Former CEO of Binance.US and U.S. Comptroller of the Currency.
- Jane Dietze: Board member at Galaxy Digital.
- Gregg Winiarski: Executive at Fanatics Holdings.
These appointments highlight MicroStrategy’s commitment to strengthening its position as a leader in the digital asset ecosystem.
Michael Saylor, the company’s co-founder and a vocal Bitcoin advocate, remains bullish about Bitcoin’s potential. In a recent interview with Yahoo Finance, he reiterated the company’s long-term strategy:
“MicroStrategy will continue to buy Bitcoin at peak prices throughout its life cycle.”
Saylor also speculated on future acquisitions, envisioning potential purchases of up to $1 billion per day if Bitcoin reaches $1 million per coin.
Saylor Supports Trump’s Strategic Bitcoin Reserve
Michael Saylor has expressed strong support for President-elect Donald Trump’s proposal to establish a strategic Bitcoin reserve. This initiative is part of Trump’s broader Digital Assets Framework policy, which aims to:
- Foster growth in the digital asset industry.
- Establish clear compliance standards.
- Define rights for crypto asset holders and companies.
In a policy document published Friday, Saylor highlighted the importance of U.S. leadership in the global digital economy:
“By establishing a clear taxonomy, a legitimate rights-based framework, and practical compliance obligations, the United States can lead the global digital economy.”
Saylor emphasized the potential of such measures to:
- Unlock $16 to $81 trillion in wealth.
- Empower millions of businesses.
- Secure the U.S. dollar’s dominance in the digital financial system.
While Saylor did not specify the size of the proposed reserve, he noted its potential to eliminate the U.S. national debt of $36 trillion.
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