MicroStrategy has procured an additional 2,138 Bitcoins (equivalent to $209 million) recently, expanding its total holdings to 446.4K coins valued at over $41 billion.
The trailblazer in corporate Bitcoin treasuries now possesses 2.12% of the complete Bitcoin supply, with MSTR shareholders reaping the rewards.
Throughout the year, MSTR has seen a remarkable 342% increase in value, surpassing Bitcoin’s 122% growth during the same period.
Consequently, MSTR investors have outpaced their Bitcoin counterparts by nearly three times in 2024. Notably, both assets have outperformed gold and US equities (S&P 500) which saw gains of 26% and 24%, respectively, for the year.
Looking Ahead to 2025
MicroStrategy intends to enhance its equity issuance program with the goal of issuing 10 billion MSTR shares to expedite its Bitcoin acquisition activities. Many experts anticipate this move to positively impact the value of Bitcoin.
For instance, Blockware has projected that Bitcoin could surge to $225K or $400K in 2025 if the adoption of Bitcoin in corporate treasuries accelerates alongside the establishment of a US Bitcoin strategic reserve.
Conversely, Blockware’s team suggests that Bitcoin might only reach $150K in a ‘bear case’ scenario.
On the other hand, QCP Capital anticipates that Bitcoin’s performance might remain subdued heading into January due to seasonal trends. Consequently, the short-term gains of MSTR could be limited until market conditions improve.
Meanwhile, MicroStrategy has experienced a 45% decline from its recent peak of $543, currently hovering around the $300 mark. This follows Bitcoin’s sharp drop from $108K to $92K.
If further weakening occurs, it could present discounted buying opportunities for MicroStrategy, particularly if the market rebounds in January.