MicroStrategy, the biggest corporate holder of Bitcoin, has increased its reserves once again. The company recently bought 5,262 BTC for $561 million.
MicroStrategy Bitcoin Holdings
MicroStrategy has consistently shown its commitment to Bitcoin. In December 2020, during the bull market, the company made its largest single purchase of 29,646 BTC. In December 2024, MicroStrategy made another big move by buying 000,000 BTC at an average price of $97,000 per coin. On December 8, 2024, the company completed another major purchase. These actions indicate MicroStrategy’s steady confidence in Bitcoin as a valuable future asset.
MicroStrategy's Influence on Other Companies
MicroStrategy's approach to building a Bitcoin treasury has encouraged other companies to adopt similar strategies. Following MicroStrategy's lead, Metaplanet is taking bold steps to expand its Bitcoin holdings, highlighting the growing institutional interest in Bitcoin's potential.
Bitcoin Price Targets
After news of MicroStrategy’s latest Bitcoin purchase, the price of Bitcoin saw a slight increase, trading at around $95,400. Analysts believe that moves by companies like MicroStrategy could significantly contribute to Bitcoin's future growth. In a recent interview, Michael Saylor, Executive Chairman of MicroStrategy, suggested that the crypto market could grow from $2 trillion to $280 trillion by 2045. He also predicted Bitcoin’s value might soar to $13 million per coin, reflecting his confidence in the long-term potential of cryptocurrency.
MicroStrategy’s continued investments in Bitcoin underscore their confidence in the cryptocurrency as a valuable future asset, inspiring other companies to adopt similar strategies.
