MicroStrategy acquired 12,222 BTC for $805.2 million in Q2 2024, boosting its total holdings to 226,500 BTC. With an average purchase price of $36,821 per BTC, the company’s investment is now valued at around $14.5 billion at Bitcoin’s current price of $63,900.
MicroStrategy’s Bitcoin investments have yielded a 12.2% return year-to-date. The company aims for 4-8% annual growth over the next three years, supported by increasing cryptocurrency acceptance. CEO Michael Saylor forecasts Bitcoin could reach $13 million by 2045, underscoring his long-term confidence.
MicroStrategy also announced a 10-to-1 stock split to make shares more accessible. This strategic move positions MicroStrategy as a key player in the evolving digital asset landscape and could inspire other institutional investors to adopt Bitcoin, driving further mainstream integration.
