MicroStrategy Expands Bitcoin Holdings with Additional 5,262 BTC Acquisition

On December 23, MicroStrategy’s founder Michael Saylor took to social media to declare that the firm has expanded its crypto portfolio with the acquisition of an additional 5,262 bitcoins. This purchase was executed at an average price of approximately $106,662, culminating in a substantial total investment of nearly $561 million. As of December 22, 2024, MicroStrategy’s holdings have reached an impressive 444,262 bitcoins, with a cumulative acquisition cost estimated at $27.7 billion. The average purchase price per bitcoin stands at around $62,257. This strategic move reflects MicroStrategy’s continued commitment to Bitcoin as a primary treasury reserve asset, underscoring the company’s long-term vision in the cryptocurrency market amidst fluctuating market dynamics.