MicroStrategy Cops 21,550 Bitcoin in Latest Acquisition; Here’s How Much It Has Spent on BTC This Year

Leading business intelligence company MicroStrategy increases its Bitcoin holdings by 21,550 BTC, bringing its total holdings to over 400,000 BTC.  The company emphasized its commitment to Bitcoin as a reserve asset as it confirmed another groundbreaking purchase. MicroStrategy announced the development through a recent filing with the U.S. Securities and Exchange Commission (SEC).  MicroStrategy Buys 21,550 Bitcoin for $2.1 Billion  According to the announcement, the company splashed $2.1 billion to acquire 21,550 Bitcoin between December 2 and December 8, 2024. Notably, they paid an aggregate purchase price of $98,783 per Bitcoin, which included fees and other expenses.  Per the announcement, MicroStrategy acquired the Bitcoin tokens using proceeds from its recent stock sales. Specifically, it sold 5,418,449 (5.41 million) of its Class A common stock during the same period.  Following the sales, MicroStrategy raised $2.13 billion, with 98.59% of the proceeds used to finance its latest Bitcoin purchase.  MicroStrategy Bitcoin Portfolio Surpasses 400,000 BTC  Notably, MicroStrategy and its subsidiaries hold a total of 423,650 Bitcoin tokens as of December 8, 2024. Data confirms the company acquired these assets at a price of $25.6 billion, with each BTC costing $60,324.  At the current price of $98,931, MicroStrategy’s Bitcoin portfolio is valued at $41.91 billion. Interestingly, the value of MicroStrategy’s Bitcoin holding has soared by 68.7% since the beginning of this year.  MicroStrategy 2024 Bitcoin Purchase Almost Doubles Its 2025 Target  MicroStrategy is not slowing down on its Bitcoin accumulation spree. According to Bitcoin Archive, the business intelligence company has already purchased $19.643 billion worth of BTC in 2024 alone.  Notably, MicroStrategy’s 2024 BTC spending is nearly 2x the amount it planned for 2025, which stands at $10 billion.  https://twitter.com/BTC_Archive/status/1866109730311074118 Bitcoin Supply Dynamics   Despite MicroStrategy’s hefty acquisition of Bitcoin, Maartunn, a popular analyst at CryptoQuant, downplayed the company’s influence on the overall BTC market. According to the expert, MicroStrategy represents only a piece of Bitcoin’s supply dynamics.  Specifically, Maartunn highlighted that while long-term Bitcoin holders offloaded 734,000 Bitcoin over the past 30 days, MicroStrategy acquired 171,000 BTC during the same period.  Furthermore, the expert claimed that Bitcoin ETF issuers increased their holdings by 75,900 BTC over the past month. Short-term holders accounted for the largest portion of Bitcoin supply in the past month, with over 487,000 BTC absorbed by these traders.  https://twitter.com/JA_Maartun/status/1866110949477773805 This suggests that despite MicroStrategy’s hefty acquisition of BTC, the broader Bitcoin market is still relevant in the asset’s supply. In the meantime, Bitcoin is trading at $98,931, down 1.11% over the past 24 hours. Even though Bitcoin has surged tremendously over the past month, MicroStrategy’s chairman predicted that BTC will trade at $13 million by 2045, 21 years from now.