🚀 Stay Ahead with AltcoinDaily.co! 🌐
Strategic Bitcoin accumulation of the business intelligence firm MicroStrategy has reached a new pinnacle as the company’s holdings, totaling 252,200 Bitcoin, surged past the $20 billion mark in value. This milestone arrives as Bitcoin hit an all-time high of $81,617, marking a significant gain of over 104% on MicroStrategy’s investment.
MicroStrategy Leads Corporate Bitcoin Holdings
With an average acquisition price of $39,292 per Bitcoin, MicroStrategy’s aggressive approach has cemented it as the largest corporate Bitcoin holder by a wide margin. For comparison, prominent miners Marathon Digital and Riot Platforms hold $2.1 billion and $840 million in Bitcoin, respectively, demonstrating the scale of MicroStrategy’s holdings.
Looking ahead, MicroStrategy aims to escalate its Bitcoin strategy under a “21/21” plan, which sets a fundraising target of $42 billion over the next three years—split evenly between equity and fixed-income securities. This ambitious capital infusion underscores Saylor’s and MicroStrategy’s long-standing commitment to Bitcoin, suggesting continued optimism for Bitcoin’s role in corporate treasury strategies.
🌟 Unlock Crypto Insights with AltcoinDaily.co! 💰
Bitcoin Surge Lifts National Reserves
MicroStrategy isn’t alone in celebrating Bitcoin’s recent surge. Bhutan’s Bitcoin holdings have also crossed the $1 billion threshold, positioning the cryptocurrency as a crucial part of the Himalayan kingdom’s strategic reserves.
Data from blockchain analytics firm Arkham Intelligence indicates that Bitcoin now comprises 32% of Bhutan’s $3.15 billion GDP, as estimated by the International Monetary Fund in October 2024. Bhutan has invested in large-scale Bitcoin mining and appears to be strategically positioning Bitcoin as a reserve asset, a move mirroring a few other countries seeking alternatives to traditional currencies.
El Salvador, another national Bitcoin adopter, has seen its Bitcoin holdings swell to over $482 million, translating into an unrealized profit of nearly $214 million, based on data from Drop Stab. Although El Salvador faced criticism early in its Bitcoin journey, the country continues to dollar-cost-average, buying one Bitcoin each day.
🦂 AltcoinDaily.co is your trusted source for the latest in crypto news and insights. 🚀
President Nayib Bukele’s administration also generates additional Bitcoin through initiatives like the nation’s passport program and revenue from volcanic Bitcoin mining. This growth trajectory marks a sharp reversal from the challenging market conditions in 2022, reinforcing El Salvador’s long-term faith in Bitcoin.
