cryptojournalist
MicroStrategy, led by Michael Saylor, holds 439,000 Bitcoin worth $27 billion. The company’s recent purchases have exceeded its 2021 bull market activity.
2024 Bitcoin Buying Spree
In November 2024, MicroStrategy made massive Bitcoin purchases:
Nov. 10: 27,200 BTC at $74,000 each.
Nov. 17: 51,780 BTC.
Nov. 24: 55,500 BTC at $97,000 per coin, the largest in its history.
By contrast, its biggest buy during the 2021 bull run was 29,646 BTC at $21,000 per coin.
Corporate Impact on Bitcoin
MicroStrategy’s Bitcoin strategy has inspired other companies to follow suit, drawing institutional money into Bitcoin and boosting market confidence.
Nasdaq 100 Entry
On Dec. 23, 2024, MicroStrategy will join the Nasdaq 100, an index of the largest companies on the Nasdaq exchange. This move gives stock investors indirect exposure to Bitcoin, especially through ETFs like Invesco QQQ Trust.
New Leadership Additions
The company recently added experienced leaders to its board:
Brian Brooks: Former Binance.US CEO and U.S. Comptroller of the Currency.
Jane Dietze: Galaxy Digital board member.
Gregg Winiarski: Executive from Fanatics Holdings.
Saylor’s Commitment to Bitcoin
Michael Saylor remains bullish, stating he would continue buying Bitcoin at any price, even $1 million per coin.
