Microstrategy buys 15,350 BTC for $1.5 billion

Microstrategy, a Nasdaq-100 listed company, purchased 15,350 BTC for about $1.5 billion. The company's purchase price per BTC was about $100,386.

With the latest BTC purchase on December 15, 2024, Microstrategy officially holds 439,000 BTC, purchased for a total of $27.1 billion at an average purchase price of $61,725 ​​per Bitcoin.

Thanks to Bitcoin investment, Microstrategy achieved a YTD return of 46.4% for the quarter and 72.4% for the year.

Thus, if you count all the BTC that MicroStrategy is holding, this company currently holds 2% of the total 21 million BTC on the market.

On December 15, Michael Saylor sparked an interesting discussion when he posted on X questioning the absence of a “green dot” on SaylorTracker, which is widely known as a signal of an upcoming Bitcoin purchase by MicroStrategy.

Bitcoin prices continued their upward trend, hitting  a new record high of $106,488  early Monday. The recent surge comes amid growing investor optimism, fueled by proposals to create a  Bitcoin strategic reserve fund.

In the near future, investors may witness US President-elect Donald Trump announce the establishment of a Bitcoin strategic reserve fund, which many experts predict could happen as early as 2025 when Trump takes office.

As of writing, BTC is trading at $104,019, with a slight downside correction.

Market experts believe that MicroStrategy's growing influence on the Nasdaq-100 and its continued purchase of Bitcoin could attract more institutions to the cryptocurrency market, potentially sending Bitcoin to new record highs.