Michael Saylor’s Strategy, formerly known as MicroStrategy, continues its unwavering commitment to Bitcoin, announcing another significant acquisition of the leading cryptocurrency. The company revealed today that it has purchased an additional 1,895 BTC for a total of $180.3 million, with an average price of $95,167 per bitcoin. This latest investment bolsters Strategy’s already substantial Bitcoin holdings to an impressive 555,450 BTC.
According to a press release, the cumulative value of Strategy’s Bitcoin treasury now stands at $38.08 billion, acquired at an average price of $68,550 per coin. The company also highlighted a notable 14.0% year-to-date yield on its Bitcoin holdings. This purchase marks yet another in a consistent series of Bitcoin acquisitions by Strategy since the beginning of the year, including a particularly large purchase of 15,355 BTC just last week for $1.42 billion.
Bernstein Analysts Forecast Wider Corporate Adoption of Bitcoin Strategy
Despite the positive news surrounding the latest Bitcoin acquisition, Strategy’s stock price (MSTR) experienced a dip in pre-market trading, falling by nearly 3% to around $383. However, the longer-term performance of MSTR remains strong, boasting a year-to-date increase of over 36% and an impressive 210% surge in the past year. This remarkable growth has positioned MSTR as the best-performing major asset since the company adopted its Bitcoin-focused strategy in 2020.
The success of Michael Saylor’s Strategy has led Bernstein analysts to predict a broader adoption of Bitcoin as a corporate treasury asset. They anticipate that publicly listed companies will allocate approximately $205 billion towards Bitcoin acquisition, with smaller, lower-growth firms leading this trend as they seek to replicate MicroStrategy’s success.
Also Read: MicroStrategy now “Strategy” Faces $6B Bitcoin Loss, May Be Forced to Sell BTC to Cover $8B Debt
Low-Growth Companies Eye Bitcoin as a Path to Value Creation
Bernstein’s bullish outlook includes a projection of an additional $124 billion in inflows specifically into MSTR, particularly following MicroStrategy’s increased capital raise plans targeting $84 billion by 2027 for further Bitcoin purchases. The company has already achieved 32% of this ambitious goal within the first six months.
Analysts suggest that low-growth companies with significant cash reserves are particularly well-suited to adopt Strategy’s Bitcoin playbook. These firms, often lacking clear avenues for traditional growth, view MicroStrategy’s success as a compelling alternative path for value creation. The consistent accumulation of Bitcoin by Strategy continues to be a closely watched development in both the cryptocurrency and corporate finance sectors.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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