MicroStrategy’s total Bitcoin holdings have surged to 423,650 BTC, solidifying its position as the leading institutional Bitcoin holder in 2024.Institutional adoption, driven by major players like BlackRock and MicroStrategy, underscores a bullish outlook for Bitcoin’s long-term potential.
MicroStrategy has once again doubled down on Bitcoin, purchasing an additional 21,550 BTC for $2.1 billion at an average price of $98,783 per coin. This aggressive Bitcoin accumulation reflects the broader enthusiasm in institutional markets during 2024’s record-breaking bull run.
CEO Michael Saylor has consistently advocated for Bitcoin as a long-term investment, reiterating his commitment through this latest purchase. As CNF recently updated, MicroStrategy’s Bitcoin holdings have now reached 423,650 BTC, solidifying its position as the top institutional holder in 2024. In a recent tweet, Saylor stated in his X account.
Satoshi gave us a game we can all win. #Bitcoinpic.twitter.com/nr1hcc5lcE
— Michael Saylor⚡️ (@saylor) December 9, 2024
Institutional Buying Fuels Bitcoin Surge
Bitcoin’s price reached $100,000 earlier this year, prompting other major players, such as BlackRock, to significantly increase their holdings. Institutional investors now collectively hold more Bitcoin than its pseudonymous creator, Satoshi Nakamoto.
Public Companies Join the Bitcoin Bandwagon
MicroStrategy’s influence extends beyond its holdings, inspiring smaller companies like Marathon Digital (MARA) and Metaplanet to expand their Bitcoin reserves. This growing institutional interest reflects a shared belief in Bitcoin’s potential for further price growth, with many firms treating peak prices as buying opportunities rather than market tops.
Despite skepticism, Saylor’s Bitcoin-first strategy continues to shape corporate crypto investments. This marks the company’s second major acquisition in December, bringing its total holdings to a staggering 423,650 BTC. At the time of writing, Bitcoin (BTC) is trading at $97,106.54, reflecting a 2.52% decrease over the past day and a 1.61% decline in the past week.
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