worldcoinindex.com
MicroStrategy has doubled down on its Bitcoin strategy with a recent $2.03 billion acquisition, adding 27,200 BTC to its holdings. CEO Michael Saylor announced the major buy on X (formerly Twitter), reinforcing the company’s unwavering commitment to the leading cryptocurrency amid BTC's latest price surge. Bitcoin recently soared to a new all-time high of $82,000—its third record-breaking milestone of 2024. Expectations remain high that prices will continue climbing.
The year 2024 has been a landmark for Bitcoin, not only with several price peaks but also as the asset achieved its status as the first U.S.-approved crypto ETF. Adding to the momentum, Donald Trump’s presidential election victory has marked a turning point, as he’s become the first openly pro-crypto U.S. president. These developments further bolster Bitcoin’s mainstream acceptance and influence.
Michael Saylor, one of Bitcoin’s earliest and most vocal corporate advocates, continues to lead MicroStrategy’s aggressive BTC acquisition approach. With this latest purchase, MicroStrategy's Bitcoin holdings have surpassed $20 billion in value, following the recent price spike to $80,000. Notably, the company’s Bitcoin investment has delivered a substantial 104% return, according to Saylor Tracker.
Since initiating its Bitcoin strategy, MicroStrategy has made 42 separate purchases, with an average BTC acquisition cost of $39,292. Given the sustained optimism around Bitcoin’s growth trajectory, some analysts predict that BTC could break $100,000 before Trump’s 2025 inauguration, highlighting the potential of Saylor's investment strategy in the evolving cryptocurrency landscape.