MicroStrategy’s co-founder revealed the amount of Bitcoin the software company purchased in 2024. Saylor also mentioned how much BTC yield has been achieved as a result of the performance of the flagship cryptocurrency over the last year.
MicroStrategy purchases $22 billion worth of BTC in 2024
In the X post, Saylor revealed that MicroStrategy acquired 258,320 BTC in 2024 for $22.07 billion, at an average price of $85,450 per Bitcoin. He added that his company achieved a BTC yield of 74.3% last year.
The company started 2024 with 189,150 Bitcoins and realized BTC profits of 140,630 BTC. This equates to a daily profit of 385 BTC. Saylor pointed out that given Bitcoin’s price of $100,000, this equates to $14.06 billion in annual shareholder value creation, or $38.5 million per day.
It’s worth mentioning that most of the company’s Bitcoin purchases took place towards the end of the year. MicroStrategy continued to buy BTC for eight weeks from the beginning of November until the end of the year.
This streak was extended into the new year. The company recently acquired 1,070 BTC for $101 million. Further Bitcoin purchases are expected this year as the company announced plans to raise up to $2 billion to acquire BTC.
Bitcoin held by companies doubled last year
Ryan Rasmussen, head of research at Bitwise, recently revealed that the amount of Bitcoin held by companies has doubled in the past year. In the fourth quarter of 2023, these companies held 262,635 BTC.
This number increased by 6% to 279,639 in the first quarter of 2024. It then increased by 15% to 321,224 units in the second quarter of 2024. A further 13% increase occurred in the third quarter of 2024, increasing the BTC held by these companies to 361,736.
The largest increase (63%) occurred in the fourth quarter of last year, when these companies collectively held 590,649 BTC. Rasmussen noted that MicroStrategy contributed most to this feat, although other companies such as Metaplanet and Marathon Digital also contributed.
Companies like KULR have also stepped in and created Bitcoin vaults. Yesterday, the company announced that it had increased its BTC vault to $42 million, achieving a yield of 93%.
About companies buying BTC
Bitwise Chief Investment Officer Matt Hogan recently commented on companies buying Bitcoin. He said this is a much bigger problem than most people think.
In a previous post, he highlighted how these companies formed one of the three sources of insatiable demand in 2025. The remaining two sources are ETFS and governments.
Thanks to these sources of demand, Hogan and Bitwise predicted that the price of Bitcoin could reach $200,000 this year. Hogan also predicted that BTC could even reach $500,000 if strategic Bitcoin reserves materialize.
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Boluwatife Adeyemi
Boluwatife Adeyemi is an experienced cryptocurrency news writer and editor who has covered topics spanning DeFi, NFTs, smart contracts, blockchain interoperability, and more, among others. Boluwatife has a knack for simplifying the most technical concepts and making them easier for crypto beginners to understand. Outside of writing, he is an avid basketball fan and part-time enthusiast.
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Source: https://coingape.com/microstrategy-bought-22b-bitcoin-in-2024-records-74-3-btc-yield/
