MicroStrategy has done it again. The company, led by Bitcoin maximalist Michael Saylor, just dropped $101 million on another 1,070 Bitcoins.
The average cost was $94,004 per Bitcoin. MicroStrategy’s total stash is now up to 447,470 Bitcoins as of press time. These coins, acquired for a mind-blowing $27.97 billion, have an average cost of $62,503 each.
The company has also brought in exponential returns. In Q4 2024, MicroStrategy managed a Bitcoin yield of 48%. For the entire year, it was 74.3%.
Bitcoin is on fire, and everyone in the market knows it. Prices are less than $200 away from the $100,000 mark.
JULISHA MEDIA CRYPO Analysts say it’s just a matter of time before it shatters that barrier and keeps climbing.
Over the past week, Bitcoin has jumped 5.66%, its biggest weekly surge since late November.
Donald Trump’s election victory, with his inauguration just days away, has got the bulls excited. Trump is planning many crypto-friendly policies. New legislation could soon hit the scene during his first 100 days.
Saylor expects Bitcoin’s price to double to $200,000 during the second quarter of the year. James Butterfill from CoinShares also sees Bitcoin shooting for the stars, predicting a range of $150,000 to $250,000 by the end of 2025. Why? Institutional adoption. As Bitcoin edges closer to gold’s market share, Butterfill thinks the price will skyrocket.