MicroStrategy, led by Michael Saylor, acquired more than 7,400 bitcoin (BTC) between September 13 and 19, investing almost USD 460 million in the digital currency. With this purchase, the company now has a total of 252,220 BTC, consolidating itself as one of the main whales in the BTC market.
The most recent purchase was made at an average price of $61,750 per bitcoin, reflecting MicroStrategy’s continued commitment to the digital asset. This year, MicroStrategy’s BTC investment has yielded almost 18%, with an increase of 5.1% so far this quarter.
This acquisition follows last week’s purchase, where the company added $1 billion worth of bitcoin to its reserve, as CriptoNoticias reported.
The strategy behind these purchases is driven by Michael Saylor, a bitcoin advocate. Saylor promotes a vision in which bitcoin not only serves as a store of value, but as the ultimate digital asset for the future.
This philosophy is based on the belief that bitcoin is superior to traditional cash. due to its planned scarcity and potential to appreciate over timeSaylor, known as a maximalist Bitcoiner, has predicted that the price of Bitcoin could reach up to $50 million in the future, a prediction reported by CriptoNoticias.
MicroStrategy turned its financial strategy into a long-term bet on bitcoin, viewing the digital currency not just as a speculative asset, but as an integral part of its corporate treasury.
This move has been interpreted in the financial and cryptocurrency community as a vote of confidence in the value and future stability of bitcoinespecially in a market that has shown volatility, but also significant long-term growth.
MicroStrategy’s decision to continue investing in bitcoin, even amid market fluctuations, reflects a confidence in Saylor’s thesis: that BTC is a safer store of value with greater potential appreciation than any other form of traditional asset.
With over 250,000 BTC in its possession, MicroStrategy not only positions itself as one of the largest whales in the market, but also sets a precedent for how corporations can interact and benefit from the cryptocurrency ecosystem.
The Bitcoin accumulation strategy implemented by MicroStrategy has found echo in Japan, where companies such as Metaplanet Inc. have adopted a similar policy.
Metaplanet, often referred to as “Japan’s MicroStrategy,” has significantly increased its Bitcoin reservesreflecting a growing trend among Japanese corporations towards investing in cryptocurrencies as a store of value mechanism and treasury diversification strategy.
