MicroStrategy Acquires 5,262 Bitcoin at Record Average Price of $106K

MicroStrategy acquired 5,262 Bitcoin for $561 million at $106,662 each, raising its holdings to 444,262 Bitcoin.

Deniz Saat

December 23, 2024 @ 12:36 PM PT

MicroStrategy, a publicly traded company known for its Bitcoin holdings, announced on December 23rd the purchase of 5,262 Bitcoin between December 16th and December 22nd.

MicroStrategy has acquired 5,262 BTC for ~$561 million at ~$106,662 per bitcoin and has achieved BTC Yield of 47.4% QTD and 73.7% YTD. As of 12/22/2024, we hodl 444,262 $BTC acquired for ~$27.7 billion at ~$62,257 per bitcoin. $MSTR https://t.co/asDGerBV7q
— Michael Saylor⚡️ (@saylor) December 23, 2024

The acquisition involved an investment of approximately $561 million at an average price of $106,662 per Bitcoin, the highest price the company has paid per coin to date.

Following this purchase, MicroStrategy and its subsidiaries hold 444,262 Bitcoin, acquired at a total cost of $27.7 billion and an average price of $62,257 per Bitcoin.

This transaction is part of the company’s ongoing December buying spree, during which it acquired 42,162 Bitcoin, now valued at $4 billion.

The latest acquisition, while notable, represents the smallest purchase disclosed by MicroStrategy since mid-2024, when it acquired 169 Bitcoin over two months.

Founder Michael Saylor has reiterated his long-term commitment to Bitcoin accumulation, stating in December, “I’m sure that I will be buying Bitcoin at $1 million a coin — probably $1 billion dollars a day of Bitcoin at $1 million a coin.”

$BTC is “going to appreciate against the dollar forever,” MicroStrategy executive chairman @saylor says, adding: “I expect that it’ll be the most valuable thing in the world 100 years from now.” pic.twitter.com/15RaoqV82A
— Yahoo Finance (@YahooFinance) December 5, 2024