MSTR Expands Bitcoin Holdings with $1.5 Billion Purchase

Dec 16, 2024

MicroStrategy (MSTR, Financial) has acquired an additional $1.5 billion worth of Bitcoin by issuing stocks. From December 9 to 15, MSTR purchased 15,350 Bitcoins at an average price of approximately $100,386 per Bitcoin. This marks the sixth consecutive announcement of Bitcoin purchases by MSTR. The company's total Bitcoin holdings are now valued at around $45 billion.

MSTR's aggressive Bitcoin strategy has captured investor attention and earned it a spot in the Nasdaq 100 Index, alongside Palantir and Axon. This inclusion reflects mainstream financial recognition of founder Michael Saylor's unconventional approach, which began in August 2020 with a $250 million Bitcoin investment. Since then, MSTR has consistently increased its Bitcoin holdings, driving a 500% surge in its stock price in 2024.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

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