TL;DR
- MicroStrategy, the leader in corporate Bitcoin holdings, achieved a 41.8% return in 2024, accumulating approximately 79,130 additional BTC.
- The company reached these results through strategic BTC acquisitions, without relying on traditional mining, leveraging its corporate treasury operations.
- On November 18, MicroStrategy bought 51,780 BTC for $4.6 billion, raising its total reserve to 331,200 BTC and announcing expansion plans through convertible bonds.
MicroStrategy, the largest corporate holder of Bitcoin, achieved an impressive return on its cryptocurrency investments. The company reached a 41.8% return in 2024.
Michael Saylor, the company’s founder and chairman, shared this figure and emphasized that the firm’s strategic Bitcoin acquisition generated approximately 79,130 additional BTC in value, averaging 246 BTC acquired per day.
Year to date, $MSTR's treasury operations delivered a BTC Yield of 41.8%, providing a net benefit of ~79,130 BTC to our shareholders. This equates to ~246 BTC per day, acquired without the cost, energy consumption, or capital expenditures typically associated with Bitcoin mining.
— Michael Saylor⚡️ (@saylor) November 19, 2024
MicroStrategy: A New Approach to Accumulation for Companies
Unlike traditional Bitcoin mining methods, which require substantial investments in infrastructure and generate high operational costs, MicroStrategy achieved these results by leveraging its corporate treasury operations, without using costly mining equipment or consuming high energy.
MicroStrategy’s strategy involves acquiring Bitcoin and managing it as a reserve asset for the company, using its appreciation to increase shareholder value. This approach has made the firm a leader in the crypto industry. With its innovative approach, MicroStrategy has set a new standard for corporate cryptocurrency adoption.
More and More Bitcoin
On November 18, 2024, the company acquired 51,780 BTC for $4.6 billion, increasing its total reserve to 331,200 BTC. The purchase was made at an average price of $88,627 per Bitcoin, reflecting its aggressive accumulation strategy. Additionally, the company announced plans to raise $1.75 billion through senior convertible bonds to continue expanding its Bitcoin holdings.
The Bitcoin market has also experienced strong growth. The cryptocurrency is trading near $92,000 and has registered a weekly gain of over 5.75%. It recently reached a new all-time high of $93,434, with its current market capitalization approaching $1.83 trillion
