Michael Saylor’s MicroStrategy, the largest corporate holder of bitcoin, announced on Monday that it spent $4.6 billion to acquire 51,780 bitcoin (BTC), bringing its total holdings to 331,200 bitcoin.
This move underscores Saylor’s commitment to bitcoin as a fundamental investment asset for the company, positioning it as a competitor to major Wall Street players like BlackRock, which currently holds the largest bitcoin exchange-traded fund (ETF) with 471,329 bitcoin.
The average price MicroStrategy paid for these coins was approximately $49,874, a strategic investment that reflects Saylor’s belief in bitcoin’s long-term value despite its rising price. The company’s total bitcoin investments now amount to around $16.5 billion, with current holdings valued at nearly $30 billion.
This aggressive accumulation strategy has not only boosted MicroStrategy’s market presence but has also significantly influenced its stock performance. MicroStrategy shares have skyrocketed 656% over the past year, illustrating growing investor confidence in Saylor’s vision. Moreover, Saylor’s approach serves as a blueprint for other companies looking to adopt similar strategies.
For instance, Marathon Digital and Semler Scientific are also exploring substantial investments in bitcoin. Marathon is currently offering $700 million in convertible senior notes partly to finance additional bitcoin acquisitions, while Semler is actively purchasing bitcoin as part of its corporate strategy. On Monday, Semler even announced a fresh acquisition of 215 bitcoins. This makes it total holdings amount to 1,273 bitcoins, with an average spend $82,502 per bitcoin.
In the political arena, bitcoin is also gaining traction as a key topic among presidential candidates. A political candidate in Poland has pledged to adopt bitcoin if elected, following the trend set by figures like Donald Trump who have leveraged cryptocurrency to attract voters. Additionally, U.S. Senator Cynthia Lummis has suggested converting gold reserves into bitcoin, questioning the utility of maintaining large gold stocks when digital assets like bitcoin are becoming increasingly profitable.
As bitcoin continues to jump to new heights — recently surpassing $90,000 — retail investors may feel apprehensive about entering the market due to high prices. However, for institutional investors like Saylor, acquiring bitcoin at this level is still considered a sound investment strategy.
