So far, MicroStrategy accumulates 386,700 BTC.
The company invested $5.4 billion in the purchase announced this Monday.
This Monday, November 25, MicroStrategy announced a new acquisition of 55,500 bitcoin (BTC). The company invested $5.4 billion in this purchase, with an average price of $97,862 per BTC. As of November 24, 2024, MicroStrategy accumulates 386,700 BTC, valued at $37.6 billion.
In this way, MicroStrategy has achieved a BTC return of 35.2% in the quarter and 59.3% so far this year, according to data of the company itself.
This company, led by bitcoiner Michael Saylor, follows an aggressive BTC purchase strategy that began in August 2020. Since then, MicroStrategy has become a benchmark in the corporate adoption of bitcoin, a strategy that Now it is followed by other companies and even by some countries. The case of Metaplanet in Japan and Genius Group, in Singapore, are examples of this trend, as reported by CriptoNoticias.
Following the news of the BTC acquisition, MicroStrategy shares rose 6.19% in the pre-market, reaching a price of 436.5 dollars. Recently, these stocks reached all-time highs, even surpassing large technology companies such as Apple, Microsoft, Amazon, Meta and Alphabet in trading volume, as reported by this medium.
The fact that MicroStrategy has almost 400,000 bitcoin in reserve is significant. This amount represents approximately 1.9% of the total bitcoin supplywhich is limited to 21 million. This reserve, while it may seem small in terms of total percentage, is considerably large in the context of bitcoin ownership.
MicroStrategy’s strategy not only reflects a strong conviction in the future value of bitcoin, but also has market implications. By accumulating such a large portion of the total supply, MicroStrategy exerts notable influence over the liquidity and price of bitcoin.
This is because scarcity is a fundamental characteristic of BTC, and by withdrawing a significant amount from the available market, MicroStrategy contributes to the perception of scarcity that can further drive the price in the long term.
Furthermore, this massive accumulation could be interpreted as a sign of confidence in the digital currency, influencing the perception of other institutional investors and even in political decisions about the adoption or regulation of this currency.
With almost 400,000 BTC in its possession, MicroStrategy is not only investing in what it considers a digital asset with high potential, but it is also playing a key role in the evolution and global perception of bitcoin as a reserve asset.
