- MicroStrategy purchased another 850 Bitcoin in January, bringing its total holdings to 190,000 BTC.
- The company sees Bitcoin as an “institutional-grade asset class” and predicts significant future growth.
- MicroStrategy plans to continue buying Bitcoin and contributing to the development of the Bitcoin ecosystem.
MicroStrategy, the leading public company investor in Bitcoin, has further solidified its position by acquiring an additional 850 BTC, bringing its total holdings to 190,000. This move underscores the company’s bullish stance on Bitcoin and its belief in its long-term potential.
Expanding Bitcoin Holding
MicroStrategy spent $37 million in January to acquire the additional Bitcoin, increasing its total investment to $8.1 billion.
The company acquired 56,650 BTC throughout 2023 at an average price of $33,580, demonstrating its consistent buying strategy.
MicroStrategy views 2024 as the year Bitcoin matures into an “institutional-grade asset class,” driven by the arrival of spot Bitcoin ETFs and growing institutional adoption.
Executive chairman Michael Saylor predicts Bitcoin could “100X” from its current price, fueled by its increasing value as a store of value.
“2024 is the year of the birth of Bitcoin as an institutional-grade asset class, in fact, it’s the first new asset class of the modern era.”
“The next 15 years will be a regulated, institutional, high growth period for Bitcoin, very different from the last 15 years.”Saylor
MicroStrategy remains committed to accumulating Bitcoin and plans to continue buying more in the future.
The company intends to actively participate in the Bitcoin ecosystem by developing software and collaborating with other players.