MicroStrategy, the leading corporate holder of Bitcoin, recently made headlines by increasing its Bitcoin reserves once again with a purchase of 5,262 BTC for $561 million, paying an average of ~$106,662 per bitcoin. This move adds to the company’s existing Bitcoin holdings, which now stand at 444,262 BTC acquired for ~$27.7 billion at an average price of ~$62,257 per bitcoin.
MicroStrategy has been a strong advocate for Bitcoin, demonstrating its commitment to the cryptocurrency with significant purchases during various market conditions. In December 2020, the company made its largest single purchase of 29,646 BTC when Bitcoin was priced at around $21,000. This was followed by purchases in December 2024 of 000,000 BTC at an average price of $97,000 per coin, further solidifying its belief in Bitcoin’s long-term growth potential.
MicroStrategy’s approach to building a Bitcoin treasury has not gone unnoticed, as other companies are now following suit. Metaplanet, for example, is also taking bold steps to increase its Bitcoin holdings, reflecting the growing interest among institutions in Bitcoin as a valuable asset for the future. This trend is expected to continue as companies see the potential for Bitcoin to play a significant role in their investment strategies.
Following the news of MicroStrategy’s latest Bitcoin purchase, the price of Bitcoin experienced a slight increase, trading at around $95,400. Analysts believe that continued adoption of Bitcoin by companies like MicroStrategy could have a positive impact on its future growth trajectory. In a recent interview, Michael Saylor, Executive Chairman of MicroStrategy, shared an ambitious prediction, forecasting that the crypto market could grow from $2 trillion today to $280 trillion by 2045. He also suggested that Bitcoin’s value could reach $13 million per coin by then, emphasizing his strong confidence in Bitcoin’s long-term potential.
