MicroStrategy acquires more BTC worth $1.5 billion

MicroStrategy has acquired another $1.5 billion worth of Bitcoin to add to its massive haul hodled since 2020.

On December 16, the artificial intelligence-powered cloud analytics company announced it has purchased 15,350 BTC.

The US-based company used the proceeds of its stock sale to buy the 15,350 BTC between December 9 and 15, 2024, per a regulatory filing on Monday.

The buy enhances MicroStrategy’s status as the world’s largest corporate holder of the benchmark cryptocurrency, with total BTC holdings reaching 439,000.

MicroStrategy founder and executive chairman Michael Saylor shared the news via X, adding that its BTC yield reached 46.4% quarter-to-date and 72.4% year-to-date.

The company has acquired this massive Bitcoin haul for approximately $27.1 billion.

Saylor noted:

Bitcoin price rose sharply over the week to reclaim its recent peak before continuing to a new all-time high above $106k.

In the past several months, MicroStrategy has issued convertible notes worth billions of dollars and used the proceeds to double down on BTC.

MicroStrategy's Bitcoin strategy

Saylor is one of the biggest Bitcoin bulls in the market and has previously predicted the digital property’s value could rocket to over a million. 

He recently made a presentation to the Microsoft board in a bid to convince them to support a proposal to add BTC to the tech giant’s corporate treasury.

Shareholders ultimately rejected the proposal in a vote last week.

However, like many within the ecosystem, the MicroStrategy founder is super bullish about BTC and expects further gains as adoption strengthens amid uptick in exchange-traded funds.

Here’s Saylor’s latest bullish BTC post on X:

The shares of MicroStrategy have skyrocketed as BTC price has climbed amid the regular purchases.

Both the stock and the digital asset have surged amid other catalysts like the US election and central bank interest rate decisions.

MSTR, MicroStrategy's stock, rose more than 6% in premarket trading and opened higher.

Gains come as the company awaits Nasdaq-100 index listing.

The stock has spiked more than 496% YTD.