The popular Michael Saylor's company seems not to know the word pause and this Monday reported a new purchase of Bitcoin. In that sense, the firm would have injected an additional $101 million dollars with which it bought a total of 1,070 bitcoins.
With this acquisition, the company reaches 9 consecutive weeks of digital currency purchases. Now, this business intelligence software group holds a total of 447,470 BTC on its corporate balance sheets. The latter are equivalent to an investment of $27.97 billion dollars and consolidates itself as the largest holder of BTC among publicly traded companies.
In a statement, the firm's management reported that the recent purchase was made at a price of $94,004 for each BTC. Likewise, he revealed that he obtained a return of +48% during the fourth quarter of 2024 thanks to his funds in Bitcoin. Meanwhile, in the financial year 2024, the performance reached +74.3%.
This new purchase of Bitcoin by MicroStrategy highlights that the firm's commitment to the largest cryptocurrency remains intact. The average purchase for each of the BTC that the company has in its portfolios is $62,503. The latter allows us to have an idea about the level of the firm's unrealized profits.
MicroStrategy's $27.97 billion investment in BTC turned into $44.39 billion. This demonstrates the enormous profitability of storing capital in Bitcoin instead of other assets. The mathematical scarcity of the queen cryptocurrency makes it a highly valuable reserve asset.
As Saylor highlights, there is currently no asset in the world that compares to Bitcoin when it comes to preserving value. The BTC evangelist is convinced that companies that acquire the currency will become the most powerful companies in the world in the long term.
As already mentioned, during the last 9 weeks the company made million-dollar BTC purchases. This suggests that the firm is in a hurry to accumulate as many tokens as possible before the anticipated 2025 announcements occur. During this first quarter of 2025, the United States authorities could take important steps related to the world of cryptocurrencies.
Among the latter is the roadmap for regulation and the possible incorporation of BTC into the strategic reserves of the North American country. During his election campaign, Donald Trump promised big changes for the crypto sector and it is likely that he will begin to deliver at the first changes of his government.
Source: Alejandro Gil / Cryptotrend.
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