MicroStrategy has once again expanded its Bitcoin portfolio, acquiring an additional 18,300 BTC for $1.11 billion.

This latest purchase brings the company’s total Bitcoin holdings to 244,800 BTC, making it the largest corporate holder of Bitcoin globally. The company’s CEO, Michael Saylor, remains a strong proponent of Bitcoin, consistently reinforcing its value as a hedge against inflation and a key long-term asset​.

The latest acquisition, conducted between August and September 2024, comes at an average price of $60,408 per Bitcoin. MicroStrategy’s total investment in Bitcoin now amounts to $9.45 billion, with an average purchase price of $38,585 per Bitcoin.

Saylor has publicly stated his belief that Bitcoin’s value could soar into the millions over the next two decades, reflecting the company’s unwavering confidence in the cryptocurrency’s future.

MicroStrategy’s aggressive Bitcoin strategy underscores its commitment to the digital asset, even as its stock prices fluctuate. As of now, the company has seen a Bitcoin yield of 17% year-to-date, further emphasizing the benefits of its bold investment approach​.

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