Saylor’s MicroStrategy Purchases $2.1 Billion in Bitcoin, Boosting Holdings to $41 Billion

MicroStrategy, the business intelligence firm led by executive chairman Michael Saylor, has made another significant Bitcoin acquisition, purchasing an additional 21,550 Bitcoin for approximately $2.1 billion in cash between Dec. 2 and Dec. 8. This move further solidifies the company’s commitment to Bitcoin as a key asset in its portfolio.

Following this latest acquisition, MicroStrategy’s total Bitcoin holdings have now increased to 423,650 BTC, which is currently valued at around $41 billion. This purchase marks the fifth consecutive week that MicroStrategy has made a Bitcoin buy, demonstrating the company’s continued bullish stance on the leading cryptocurrency.

Since 2020, Saylor has aggressively pursued a Bitcoin acquisition strategy, with the company spending an estimated $25.6 billion on BTC at an average price of $60,324 per coin. As of Dec. 9, with Bitcoin trading above $98,900, the company’s strategy has generated $16 billion in unrealized profits. This highlights the significant gains that MicroStrategy has seen from its Bitcoin investments.

Saylor’s ultimate goal is to acquire $42 billion worth of Bitcoin by 2027/2028, a bold vision that aligns with his belief in Bitcoin’s future as a store of value. His strategy has not only shaped MicroStrategy’s investment decisions but also influenced the broader corporate world. Saylor has been actively promoting Bitcoin adoption, pitching the digital asset to other major corporations, including the tech giant Microsoft, suggesting that Bitcoin could become a standard for companies to adopt as part of their treasury management.

Saylor’s acquisition strategy is also mirrored by other notable figures in the crypto industry. Brian Armstrong, CEO of Coinbase, has urged sovereign nations to invest in Bitcoin as an inflation hedge, while Changpeng Zhao, the former CEO of Binance, has suggested that Amazon should add Bitcoin to its balance sheet and consider accepting it as a payment method, responding to shareholder requests for the company to integrate Bitcoin into its ecosystem.

MicroStrategy’s continued purchases and Saylor’s vocal advocacy for Bitcoin underscore the growing recognition of Bitcoin as a legitimate store of value and a hedge against inflation, a trend that is increasingly gaining traction among institutional investors and major corporations.