MicroStrategy’s Bitcoin Investment Reaches $25.7 Billion: A Perfect Match!

MicroStrategy Bitcoin bet reaches $25.7B: ‘A perfect match!’

With Bitcoin reaching new highs above $90,000, Michael Saylor, the co-founder of MicroStrategy, has suggested the possibility of additional Bitcoin acquisitions in the future. In a recent social media update on the X platform, Saylor remarked,

“It seems like Saylortracker.com could use more green indicators.”

 

This statement was accompanied by a snapshot of the company’s Bitcoin portfolio tracker, illustrating MicroStrategy’s Bitcoin acquisitions through green indicators.

As of the latest update, the total value of the portfolio reached an impressive $25.7 billion. Meanwhile, Bitcoin was trading at $91,935.03, showing a 2.38% increase over the last 24 hours, as per Google Finance.

MicroStrategy’s Ongoing Bitcoin Buying Spree

While the recent surge in Bitcoin’s price has triggered FOMO among certain investors, questions have arisen regarding the optimal timing to enter the Bitcoin market.

Nevertheless, Saylor has demonstrated unwavering interest and trust in the digital currency, consistently making purchases since 2020.

Based on Saylortracker data, MicroStrategy engaged in 11 Bitcoin acquisitions in 2024 alone.

The most recent purchase on November 11 involved buying 27,200 BTC for around $2.03 billion at an average price of $74,463 per Bitcoin.

MSTR Surpasses Berkshire Hathaway

MicroStrategy’s strategy regarding Bitcoin not only yielded gains in cryptocurrency holdings but also reflected positively in its stock performance. A comparative chart shared by financial markets tracker Barchart showed that MSTR stock was outperforming Warren Buffett’s Berkshire Hathaway [BRK].

The ratio between MSTR stock and Berkshire Hathaway’s BRK Class B stock stood at 0.72, rapidly approaching levels witnessed during the dot-com bubble.

For those unfamiliar, the term “dot-com bubble” refers to the swift rise and subsequent decline of internet-based company stocks in the late 1990s.

Earlier reports from CryptoCrypto indicated that MicroStrategy’s stock had reached a 25-year peak, underlining the market’s acknowledgment of its Bitcoin-centric approach.

Bitcoin’s Volatility: An Opportunity for Strategy

Jeff Park, the Head of Alpha Strategies at Bitwise Invest, recently commented on the harmony between Bitcoin and MicroStrategy on X. Park mentioned,

“Bitcoin and MSTR are an ideal combination for volatility strategies, provided one knows how to leverage them effectively.”

Park stressed the significance of utilizing quantitative methods to navigate the probabilistic nature of market fluctuations.

The Argument for MSTR

In a separate post, the executive extended a more direct endorsement of MicroStrategy’s stock, stating,

“It is essential for everyone to own at least $34,065 worth of $MSTR.”

He contended that owning MSTR offers investors a distinctive opportunity to achieve remarkable returns, making it a vital asset for those seeking high rewards.

With Bitcoin’s ongoing surge and increasing institutional interest, MicroStrategy’s bold strategy positions it as a key player in the dynamic cryptocurrency landscape.

With the concurrent momentum of Bitcoin’s price hike and MSTR’s stock performance, the company’s daring move seems to be proving successful.

 

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