MicroStrategy set a new record with its Bitcoin purchases in 2024, significantly exceeding the volumes of 2021.
Record Bitcoin Purchases in 2024
In November 2024, MicroStrategy made its largest-ever Bitcoin purchase. According to Saylortracker, the company acquired 27,200 BTC, 51,780 BTC, and 55,500 BTC over two weeks. The average prices of these acquisitions reached $97,000 per Bitcoin, well above 2021 levels.
Entry into the Nasdaq 100 Index
On December 23, 2024, MicroStrategy joined the Nasdaq 100 index, which includes the largest 100 companies listed on the Nasdaq. This provides traditional investors with an indirect way to invest in Bitcoin through a key sector player.
Role of Management in MicroStrategy's Strategy
MicroStrategy recently added influential figures from the financial sector to its board, including Brian Brooks, former CEO of Binance.US, Jane Dietze from Galaxy Digital, and Gregg Winiarski from Fanatics Holdings. These appointments highlight the company's ambition to establish itself as a leader at the intersection of finance and technology.
With record Bitcoin purchases and entry into the Nasdaq 100, MicroStrategy solidifies its leadership in institutional cryptocurrency investments.
