MicroStrategy Solidifies Position as Largest Corporate Bitcoin Holder With Another Billion-Dollar Acquisition

Prominent software services firm MicroStrategy continues to solidify its position as the largest corporate holder of Bitcoin with a fresh billion-dollar acquisition.

Prominent software services firm MicroStrategy continues to solidify its position as the largest corporate holder of Bitcoin with a fresh billion-dollar acquisition.

Today, the firm disclosed adding 10,107 BTC to its already massive Bitcoin portfolio. This latest acquisition came at $105,596 per token, bringing the total new capital to $1.1 billion.

As of today, MicroStrategy now controls a Bitcoin portfolio consisting of 471,107 tokens, purchased for approximately $30.4 billion over the last four years.

Interestingly, MicroStrategy also invested $1.1 billion in the Bitcoin market last week, acquiring 11,000 tokens in return. As of now, this acquisition has seen a gain of $4.45 million.

However, the firm is getting fewer tokens today—10,107 BTC—for the same $1.1 billion investment. This discrepancy is due to Bitcoin’s price increase since the previous acquisition.

While MicroStrategy bought 10,107 BTC at $105,596 per token, the asset’s current value stands at $99,999 at press time. As a result, this latest acquisition is experiencing an unrealized loss of $85.5 million, a dip of 7.8%.

Interestingly, MicroStrategy only faces losses with this week’s acquisition and the one from December 23. All other individual acquisitions show impressive profitability.

Cumulatively, MicroStrategy is sitting on an unrealized gain of $16.95 billion, having invested around $30.4 billion in Bitcoin. This reflects a 55.76% return, as its entire Bitcoin portfolio is now valued at $47.35 billion.

Notably, with this Monday’s announcement, MicroStrategy continues its weekly dollar-cost averaging Bitcoin strategy established in November 2024. Specifically, every week since November 11, 2024, the company has disclosed new Bitcoin acquisitions and today is no different.

Despite growing caution from other market participants, it continues to buy Bitcoin in the $100K price range. Many are wary of acquiring Bitcoin at these levels due to concerns about bearish market performance. This sentiment is evident in the comments following the latest announcement.

Bitcoin critic and Chief Economist Peter Schiff pointed out that MicroStrategy’s average cost per Bitcoin keeps rising while Bitcoin’s overall price has been declining. He argues that if this trend continues, the company’s entire position could eventually be at a loss, especially as its holdings increase and more debt is taken on to fund the acquisitions.

Another commentator expressed similar concerns, highlighting that MicroStrategy’s average cost per Bitcoin is getting very high. They suggest that there is a good chance that the company's Bitcoin holdings will be in the red by 2026-2027, assuming that the current pace of acquisitions continues and bearish market conditions set in. However, it is expected that the company's Bitcoin position will return to profitability by 2028-2029.