Company purchases 2,530 Bitcoin units at approximately $243 million value.
In the ever-evolving world of cryptocurrencies, a significant shift has been observed in the global market, particularly in the adoption of Bitcoin (BTC) by publicly traded companies. According to a comprehensive report by OKG Research, as of the end of 2024, a mere 0.01% of these companies worldwide held Bitcoin, but this figure has seen a notable increase.
One of the most notable players in this growing trend is MicroStrategy. The company, which began its BTC acquisition spree in 2021, now holds an impressive 450,000 BTC. In a span of just one week, from January 6 to January 12, 2025, MicroStrategy added 2,530 BTC to its portfolio, with an average price per coin of approximately $62,691. The total cost of these acquisitions amounted to approximately $243 million.
The funds for these acquisitions were raised through the issuance and sale of company shares, as reported on January 13, 2025. As of the same date, the year-to-date return on these BTC investments stands at 0.32%.
MicroStrategy's founder, Michael Saylor, made headlines in late December 2024 with his proposal for a crypto policy concept for the United States. This concept included the creation of a national bitcoin reserve.
Other mining companies joining the Bitcoin bandwagon include MARA Holdings, Riot Platforms, Hut 8 Mining, and CleanSpark. CleanSpark, in particular, now holds more than 10,000 BTC. The average price per coin during these purchases was approximately $95,972.
Interestingly, similar initiatives have surfaced among shareholders of tech giants like Meta, Microsoft, and Amazon, suggesting a broader trend towards institutional investment in Bitcoin. A proposal was made to Meta's board of directors to allocate part of the company's liquid reserves to purchasing Bitcoin.
The report from OKG Research also highlighted the growth of stablecoin market and institutional participation in the cryptocurrency market. It serves as a testament to the increasing interest and trust in digital assets among global businesses.
Bitcoin's popularity within the business sector is escalating, as evidenced by MicroStrategy's massive portfolio of 450,000 BTC, with notable additions made in early 2025 through the issuance and sale of company shares. This significant investment in technology-driven finance is indicative of a growing trend among businesses worldwide. Moreover, the stablecoin market and institutional participation in the cryptocurrency market are also expanding, as highlighted in the OKG Research report, signifying a rising trust in digital assets among global enterprises.
