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Cryptocurrency News Articles

Michael Saylor Hints at Another Bitcoin Purchase as MicroStrategy's Holdings Reach 447,470 BTC

Jan 13, 2025 at 04:39 am

Michael Saylor, executive and former MicroStrategy CEO, hinted at another Bitcoin (BTC) purchase via a cryptic tweet.

Michael Saylor Hints at Another Bitcoin Purchase as MicroStrategy's Holdings Reach 447,470 BTC

MicroStrategy (NASDAQ: MSTR) CEO Michael Saylor has hinted at another Bitcoin (CRYPTO: BTC) purchase via a cryptic tweet.

What Happened: Saylor posted a screenshot referencing the “next green dot” on the Saylortracker chart, where each dot represents a BTC acquisition.

Thinking about the next green dot on https://t.co/Bx3917zeAK. pic.twitter.com/dCIhEzRLuW

The suggestion comes as MicroStrategy's Bitcoin holdings stand at 447,470 BTC, currently valued at $42.24 billion.

The company's most recent purchase was on January 6, 2025, when it added 1,070 BTC at an average price of $94,004 for $101 million.

The latest acquisition continues MicroStrategy's aggressive accumulation strategy, which yielded great results in 2024.

According to Saylor's earlier tweet, MicroStrategy purchased 258,320 BTC throughout 2024 at an average price of $85,450, totaling $22.07 billion.

This buying spree delivered a 74.3% BTC yield, pushing the company's initial position of 189,150 BTC into notable growth with additional holdings of 140,630 BTC.

Saylor mentioned that this is equivalent to buying 385 BTC daily throughout the year.

The Saylortracker portfolio data reveals MicroStrategy's current investment has generated a 51.11% unrealized return, representing paper profits of $14.28 billion.

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.

The company's shares, trading under the ticker MSTR, are currently valued at $327.91, giving it a market capitalization of $80.59 billion and a net asset value premium of 1.91x based on 226.14 million outstanding shares.

MicroStrategy's accumulation pattern, displayed through the green dots on the Saylortracker chart, shows increased buying activity during both market dips and rallies.

The chart shows the company's dollar-cost averaging strategy from its initial purchases at around $10,000 per Bitcoin in 2020 through the recent acquisitions at prices approaching $100,000.

Saylor's projection suggests that at a Bitcoin price of $100,000, the 2024 accumulation strategy alone would translate to $14.06 billion in shareholder value creation, averaging $38.5 million daily.

The hint at further purchases indicates MicroStrategy's continued confidence in its Bitcoin-focused treasury strategy, despite BTC's recent drop to the $95,000 level.

News source:crypto.news

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