MicroStrategy, the software firm known for its Bitcoin-centric investment strategy, revealed significant profits from its BTC holdings in 2024. Executive Chairman Michael Saylor shared that the company had acquired a total of 258,320 BTC over the year, investing $22.07 billion at an average price of $85,450 per Bitcoin.

MicroStrategy’s Humungous BTC Profits

The year’s efforts brought the company’s Bitcoin yield to 74.3%, translating to a gain of 140,630 BTC. At the current BTC price of $100,000, this translates to a shareholder value increase of $14.06 billion, equivalent to daily value creation of $38.5 million.

The firm’s Bitcoin reserves have surged due to consistent purchases, cementing its status as the largest institutional Bitcoin holder. On January 6, MicroStrategy disclosed the acquisition of an additional 1,070 BTC for $101 million, paying an average price of $94,004 per coin.

This marked the ninth consecutive week of purchases, bringing the company’s total holdings to 447,470 BTC. Over time, MicroStrategy has invested $27.97 billion in Bitcoin, with an average acquisition cost of $62,503 per BTC.

$MSTR acquired 258,320 BTC for $22.07B (~$85,450/BTC) in 2024 and achieved a 74.3% BTC Yield, starting the year with 189,150 BTC and realizing a BTC Gain of 140,630 BTC (385/day). At $100K/BTC, this translates to shareholder value creation of $14.06B for the year or $38.5M/day.

— Michael Saylor⚡️ (@saylor) January 7, 2025

In the prior week, the company had added 2,138 BTC for $209 million, demonstrating its commitment to expanding its cryptocurrency portfolio. The firm’s fourth-quarter yield for 2024 stood at an impressive 48.0%, contributing to the annualized yield of 74.3%.

MicroStrategy’s strategy is underpinned by robust fundraising efforts to sustain its aggressive Bitcoin accumulation. The firm recently announced plans to raise $2 billion through a public offering.

Moreover, the company has announced a goal of securing $42 billion over the next three years. These funds will be directed toward additional Bitcoin acquisitions, signaling a steadfast belief in the asset’s long-term potential.

Also Read: Dennis Porter: Up to 20 Bitcoin Reserve Bills Expected at US State Level