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MicroStrategy reinforces its bet, buys more Bitcoin and inspires giants like Microsoft
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MicroStrategy, a business intelligence company led by Michael Saylor, announced another major Bitcoin acquisition.
According to a document filed with the SEC, the company sold US$1.48 billion in shares between November 25 and December 1, 2024. The amount was fully used to acquire an additional 15,400 Bitcoin.
This purchase marks the fourth consecutive week of major acquisitions, consolidating the company as the largest corporate holder of the digital asset.
Michael Saylor, founder and advocate of Bitcoin, recently presented the importance of the digital asset to Microsoft leaders, including CEO Satya Nadella.
MicroStrategy: continuous purchases and impressive results
In his explanation, Saylor argued that Bitcoin is the best investment available for companies that want to preserve value in an unstable economic scenario.
He highlighted characteristics such as scarcity, neutrality and digital efficiency as differentiators that put Bitcoin ahead of traditional stocks and bonds.
MicroStrategy had already acquired 55,500 bitcoins the previous week for US$5.4 billion, paying an average price of US$97,862 per unit. With the new acquisition, the company expands its leadership among publicly traded companies that own Bitcoin.
The “Bitcoin Yield” index, which measures the growth of company reserves compared to diluted shares, reached an impressive 63% in 2024.
During a recent presentation, Saylor compared MicroStrategy’s performance to that of Microsoft, highlighting that his company’s shares have outperformed the technology giant’s stock returns by 313% this year.
He suggested that Microsoft should allocate part of its $75 billion in cash to buy Bitcoin. An investment of just 1% from this fund could position Microsoft among the three largest holders of Bitcoin among companies listed on the stock exchange.
MicroStrategy reinforces its bet, buys more Bitcoin and inspires giants like Microsoft
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MicroStrategy reinforces its bet, buys more Bitcoin and inspires giants like Microsoft
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MicroStrategy reinforces its bet, buys more Bitcoin and inspires giants like Microsoft
