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COINTURK NEWS > Bitcoin News > MicroStrategy’s Bold Bitcoin Investments Shape Market Dynamics
Bitcoin News

MicroStrategy’s Bold Bitcoin Investments Shape Market Dynamics

In Brief

  • MicroStrategy invested $22 billion in Bitcoin purchases in 2024.

  • Institutional interest in Bitcoin is significantly increasing, impacting market dynamics.

  • Predictions suggest Bitcoin prices could rise significantly due to institutional demand.

İlayda Peker
İlayda Peker 4 months ago
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MicroStrategy’s co-founder revealed the amount of Bitcoin $106,219 purchased by the software company in 2024. The company achieved significant BTC returns thanks to its strong performance last year.

Contents
Details of Bitcoin PurchasesInsights on Institutional Bitcoin Purchases

Details of Bitcoin Purchases

In 2024, MicroStrategy spent a total of $22.07 billion by purchasing 258,320 BTC at an average price of $85,450. As a result of this acquisition, the company realized a 74.3% BTC return last year.

Starting 2024 with 189,150 Bitcoins, the company increased its holdings by 140,630 BTC, averaging 385 BTC per day. Saylor noted that if the Bitcoin price reaches $100,000, the company could create shareholder value of $14.06 billion annually, equivalent to $38.5 million daily.

Insights on Institutional Bitcoin Purchases

Ryan Rasmussen, Head of Research at Bitwise, stated that institutional Bitcoin accumulations doubled last year. This figure rose from 262,635 BTC in the fourth quarter of 2023 to 321,224 BTC in the second quarter of 2024.

“Institutional Bitcoin purchases significantly affect market dynamics, and we foresee BTC prices reaching $200,000.” – Hougan.

Matt Hougan, Chief Investment Officer at Bitwise, emphasized the substantial impact of institutional purchases, identifying them as a key source of demand growth by 2025. Furthermore, he suggested that the establishment of a Strategic Bitcoin Reserve could push Bitcoin’s price up to $500,000.

MicroStrategy intensified its Bitcoin acquisitions towards the end of the year, planning to buy an additional $2 billion worth of BTC. Continuing its trend, the company recently purchased 1,070 BTC for $101 million.

Recently, other companies like KULR have also joined the trend by building Bitcoin treasuries, increasing theirs to $42 million with a 93% return. These developments indicate a growing institutional interest in digital assets, positioning Bitcoin as a vital investment choice.

The rising institutional interest in Bitcoin signals positive prospects for the cryptocurrency market and catalyzes new developments in the financial ecosystem.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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İlayda Peker 8 January, 2025 - 5:15 am 8 January, 2025 - 5:15 am
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