MicroStrategy's Bitcoin investment pays off: Achieving 74% Yield in 2024

Bittime - MicroStrategy has succeeded in achieving very satisfying results on Bitcoin investments. At the end of 2024, the company led by Michael Saylor reported that their Bitcoin investment results reached 74.1% year-to-date (ytd).

At the end of December 2024, MicroStrategy announced the purchase of 2,138 new BTC (Bitcoins) worth around $209 million (around IDR 3.36 trillion). With this purchase, the company brings their total Bitcoin holdings to 446,400 BTC. 

It is currently worth around $41.5 billion (around Rp. 669 trillion) based on Bitcoin's current market price. This purchase is not the first, but rather part of a series of ongoing purchases made by MicroStrategy since October 2024.

MicroStrategy Continues to Buy Bitcoin Consistently

This latest Bitcoin purchase marks the eighth consecutive week that MicroStrategy has purchased the world's most popular cryptocurrency. Since October 31, 2024, the company has accumulated 194,180 BTC, which shows their strong commitment to Bitcoin despite fluctuating market prices. 

Previously, in November, MicroStrategy made a massive purchase of more than 100,000 BTC within a month. However, in December, the number of their purchases decreased slightly.

Michael Saylor, co-founder and Executive Chairman of MicroStrategy, even teased his followers by saying that there were "suspicious lines" in their company's Bitcoin purchase data tracker, Saylor Tracker, on December 29, 2024. 

He also emphasized that the company will continue to buy Bitcoin, even if the price reaches $1 million (around Rp. 16.1 billion) per BTC.

Read also: Bitcoin Closes End of 2024 with BTC Price Drop

Adding Shares to Support Further Bitcoin Purchases

To support this ambitious Bitcoin acquisition strategy, MicroStrategy plans to increase the number of shares it can issue. 

In a filing made on December 23, 2024 with the United States Securities and Exchange Commission (SEC), MicroStrategy requested permission to increase the number of class A ordinary shares from 330 million shares to 10.33 billion shares. 

In addition, the company also plans to increase the number of preferred shares that can be issued from 5 million to more than 1 billion shares.

This move will give MicroStrategy greater flexibility to raise funds through the issuance of new shares, which will be used for further Bitcoin purchases. 

This strategy shows the company's determination to continue expanding their position in the Bitcoin market, even amidst global economic uncertainty.

Read also: US Bitcoin Reserve Will Make BTC Prices Soar in 2025

MicroStrategy and the Future of Bitcoin

With more than $40 billion (approximately IDR 644 trillion) in Bitcoin, MicroStrategy is not only the largest public company holding Bitcoin, but is also a prime example of how companies can leverage Bitcoin as part of a long-term investment strategy. 

Their Bitcoin investment return of 74% in 2024 shows that even though the cryptocurrency market is full of challenges, Bitcoin can still provide significant returns.

Going forward, MicroStrategy plans to continue this massive investment, and with steps taken to increase the number of shares available, they appear to be very serious about maintaining their position as one of the largest Bitcoin holders in the world.

Read also: Now El Salvador Has 6,000 Bitcoins, How Much Are They Worth?

FAQs About Bitcoin Investment

What is MicroStrategy?

MicroStrategy is a business intelligence company that is also known as one of the largest Bitcoin investors in the world.

How much Bitcoin does MicroStrategy have?

MicroStrategy currently holds 446,400 BTC, which is worth around $41.5 billion (around IDR 669 trillion).

Why does MicroStrategy keep buying Bitcoin?

MicroStrategy believes that Bitcoin is an asset that can provide long-term value, and they want to strengthen the company's investment portfolio with Bitcoin.

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Reference 

CoinTelegraph, MicroStrategy buys 2,138 Bitcoin for $209M, yield reaches 74% in 2024, accessed on 31 December 2024.

Decrypt, Microstrategy Won’t Stop Buying Bitcoin, Adds Another $209 Million, accessed December 31, 2024.

Author: Y