MicroStrategy (MSTR), renowned as the largest corporate holder of Bitcoin (BTC), continues to make headlines in the cryptocurrency industry with its bold and strategic BTC acquisitions. On November 19, 2024, Michael Saylor, the chair and founder of MicroStrategy, made a significant announcement on X (formerly known as Twitter) revealing that the company had achieved an impressive yield of over 41.8% this year by smartly acquiring Bitcoin.
MicroStrategy’s Strategic Acquisitions
The post on X highlighted that this remarkable yield equates to approximately 79,130 BTC in added value, which translates to an average acquisition of 246 BTC per day. Unlike the traditional approach of Bitcoin mining, which demands substantial expenses, energy consumption, and capital investment, MicroStrategy has leveraged innovative treasury operations to achieve this outstanding performance. Saylor emphasized in his post that by bypassing the need for costly mining operations and hardware, the company has successfully managed Bitcoin as a corporate reserve asset. This strategic management allows MicroStrategy to capitalize on cryptocurrency growth, ultimately enhancing shareholder value.
Furthermore, this announcement underscores MicroStrategy’s pioneering role in Bitcoin adoption among corporations. With its significant Bitcoin holdings, the company continues to set a benchmark in integrating cryptocurrency into corporate treasury management, establishing itself as a leader in the digital finance realm.
Recent BTC Acquisition and Expansion Plans
On November 18, 2024, MicroStrategy made headlines once again with a notable purchase of 51,780 BTC, valued at $4.6 billion, at an average price of $88,627. This acquisition further bolstered MicroStrategy’s total Bitcoin holdings to an impressive 331,200 BTC. Reflecting its ambitious growth strategy, the company announced plans during Asian trading hours to raise $1.75 billion through convertible senior notes, aiming to expand its Bitcoin holdings even further.
Meanwhile, Bitcoin is experiencing a trading surge, currently priced near $91,500 with a gain of over 1.80%. Before the US market opening bell, BTC soared to an all-time high of over $92,720. The trading volume also saw a substantial increase of 35%, highlighting the growing interest and participation from traders and investors in the cryptocurrency market.
