MicroStrategy, led by Bitcoin advocate Michael Saylor, has reinforced its position as the largest corporate holder of Bitcoin with its latest acquisition. The company purchased 22,048 BTC for $1.92 billion**, averaging **$86,969 per Bitcoin. This brings MicroStrategy’s total holdings to 528,185 BTC, acquired at an average price of $67,458 per BTC.
Key Details of the Purchase
- Total Investment: $35.63 billion
- Bitcoin Yield: 11.0% YTD
- Public Company Holdings: MicroStrategy remains the top corporate Bitcoin holder, controlling ~2.5% of Bitcoin’s total supply.
This follows MicroStrategy’s recent $584 million purchase of 6,911 BTC, part of its aggressive accumulation strategy funded through stock sales and debt offerings.
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Market Reaction and Stock Performance
- MSTR Stock: Trading at ~$280 (down 3% pre-market)
- Bearish Pressure: Linked to Bitcoin’s volatility and broader market sell-offs.
Criticisms and Risks
Economist Peter Schiff warns that MicroStrategy’s reliance on stock sales and debt to fund BTC purchases is unsustainable. He predicts a potential crash in both MSTR stock and Bitcoin’s price if the company exhausts its fundraising options.
FAQ Section
Why does MicroStrategy keep buying Bitcoin?
MicroStrategy views Bitcoin as a long-term store of value and hedge against inflation. Its strategy focuses on accumulating BTC as a primary treasury asset.
How does this impact Bitcoin’s price?
Large institutional purchases can create upward price pressure, but overexposure to a single entity (like MicroStrategy) may introduce systemic risks.
What’s next for MicroStrategy?
The company may continue its acquisition spree, leveraging its recent capital raises totaling $21.7 billion.
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