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Cryptocurrency News Articles
MicroStrategy Stacks 258K BTC in 2024, Bags $14B for Shareholders
Jan 08, 2025 at 01:06 pm

Tech firm MicroStrategy (NASDAQ:MSTR) made headlines in 2024 with its aggressive Bitcoin (BTC) buying, adding 258,320 to its stack.
What Happened: In total, the company now holds 447,470 BTC, which were acquired at an average price of $62,503 per coin, according to Executive Chairman Michael Saylor. Those purchases are worth $27.97 billion and have added $14 billion to shareholder value.
“We will continue to use digital assets for long-term growth as part of our capital allocation strategy, highlighting Bitcoin’s role in corporate treasury strategies,” Saylor said on X (NYSE:TWTR) Spaces.
Saylor also shared some interesting statistics. MicroStrategy's Bitcoin purchases have helped the company get into the Nasdaq 100, which is a sign that Bitcoin-focused companies are going mainstream.
Moreover, MicroStrategy's strategy has also inspired other companies to add Bitcoin to their balance sheets. Some of these companies include Block (NYSE:SQ), Tesla (NASDAQ:TSLA) and Galaxy Digital (NYSE:GLXY).
As Bitcoin moves into corporate and national strategies, MicroStrategy is showing the way.
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The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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