Bitcoin Soars To New Record, MicroStrategy Harvests Profits

Bitcoin surged to a new record, MicroStrategy harvests profits (Photo; Doc. Crypto Briefing)

JAKARTA - MicroStrategy, a company that has invested heavily in Bitcoin, is again stealing attention. The company continues to increase their Bitcoin holdings to reach an extraordinary figure of 25.7 billion US Dollars (Rp407 trillion). With the aggressive acquisition strategy starting in 2020, MicroStrategy is now the dominant player in the crypto world.

Bitcoin recently set a record new price above 91,000 US Dollars (Rp1.44 billion) per coin, supported by increased institutional interest. In this situation, MicroStrategy, which now holds 279,420 BTC, has recorded a profit of more than 11 billion US Dollars (Rp174 trillion) from their investments. Their latest acquisition on November 11, 2024, added 27,200 BTC to the company's portfolio of 2 billion US Dollars (Rp 31.6 trillion) at an average price of 74,463 US Dollars (Rp1.17 billion) per Bitcoin.

Michael Saylor, founder of MicroStrategy, actively promotes the company's Bitcoin acquisition through social media. He hinted at further purchases while praising the synergy between Bitcoin volatility and the potential gains offered by MicroStrategy (MSTR) shares.

MicroStrategy (MSTR) shares are now showing impressive performance, even surpassing Warren Buffett's Berkshire Hathaway shares in several metrics. The company's strategy to buy Bitcoin using funds from the issuance of shares has succeeded in increasing MSTR's share value by 26% throughout 2024. Currently, MSTR is trading at 295 US Dollars (Rp4.6 million) per share, up 9% in pre-market trading.

Quoted from Ambcrypto, Jeff Park, Head of Alpha Strategy at Bitwise Investment, said that Bitcoin volatility provides a unique strategic opportunity, especially when combined with MicroStrategy's investment approach. According to Park, MSTR shares offer access to high returns for investors who understand how to capitalize on market fluctuations well.

Not stopping here, MicroStrategy has announced plans to raise 42 billion US Dollars (Rp664 trillion) in the next three years to expand their Bitcoin investment. This strategy includes a combination of US$21 billion (Rp332 trillion) equity and debt-based securities of similar value.

MicroStrategy's aggressive measures have a domino effect on the Bitcoin market. By utilizing large purchases, the company is directly pushing for an increase in Bitcoin prices, which is also increasing the value of their own portfolio. This has a significant impact on the crypto ecosystem, creating new dynamics that motivate other companies to follow similar steps.