November 18–24, 2024: A $5.4 Billion Assertion
MicroStrategy made headlines with a jaw-dropping buy of 55,500 bitcoins for $5.4 billion, its largest single acquisition so far. This introduced its holdings to 386,700 bitcoins, price roughly $37.6 billion on the time. The sheer scale of this buy despatched ripples by way of the market, signaling to buyers and establishments that Bitcoin’s shortage was not simply theoretical however a tangible actuality.
November 25-December 1, 2024: Sustaining Momentum
Including one other 15,400 bitcoins at a mean value of $95,976, MicroStrategy spent $1.5 billion to bolster its place. With complete holdings now at 402,100 bitcoins valued at $38.4 billion, the corporate demonstrated its dedication to utilizing Bitcoin as a reserve asset fairly than a speculative funding.
December 2–8, 2024: Capital Meets Crypto
MicroStrategy added one other 21,550 bitcoins, spending $2.1 billion at a mean value of $98,783 per bitcoin. To fund this, the corporate bought 5.42 million shares, elevating $2.13 billion. This transfer solidified its strategy of leveraging fairness financing to gas Bitcoin purchases, successfully positioning MSTR as a de facto Bitcoin ETF.
December 5, 2024: Bitcoin Breaches $104,100
Bitcoin hit a brand new all-time excessive of $104,100, marking a 50% surge since early November. This milestone boosted MicroStrategy’s inventory value and market credibility, as the corporate’s efficiency remained tightly correlated with Bitcoin.
December 10, 2024: Reflecting Bitcoin’s Volatility
Regardless of Bitcoin dipping beneath $98,000, MSTR’s inventory remained up 490% year-to-date. This volatility underscores MSTR’s function as a high-beta proxy for Bitcoin, attracting each retail and institutional buyers. The corporate’s technique has set a benchmark, encouraging different firms to discover Bitcoin adoption as a part of their monetary methods.