Bitcoin Down, Time For MicroStrategy To Strike 2,138 BTC

MicroStrategy buys Bitcoin. (Photo; Doc. Block Builders)

JAKARTA - MicroStrategy, a software company led by Michael Saylor, again bought 2,138 BTC of Bitcoin. This amount is worth around US$209 million (Rp3.385 trillion). MicroStrategy bought BTC on December 30 yesterday.

The business intelligence software company bought Bitcoin at an average price of 97,837 US dollars (Rp1,584 billion) per Bitcoin. That way, the company's total Bitcoin increased to 446,400 BTC. Most were obtained with total investments of around 27.9 billion US dollars (Rp451.98 trillion) with an average price at the level of 62,428 US dollars (Rp1.011 billion) per Bitcoin.

MicroStrategy's aggressive move in accumulating Bitcoin has made it one of the largest BTC holders among public companies. According to data from CoinGecko, the total Bitcoin holdings by public companies reached 554.727 BTC, with a dominance of about 2.80% of the total Bitcoin supply. Thus, MicroStrategy holds a significant portion of that amount.

However, this strategy cannot be separated from risk. Share prices MicroStrategy (MSTR) show volatility in line with Bitcoin price movements. In recent trading, MSTR shares closed at 302.96 US dollars (Rp4.907.952), down 8.34% from the previous shutdown. This decline reflects investor concerns about Bitcoin value fluctuations and their impact on the company's performance.

Nevertheless, Michael Saylor remains optimistic about Bitcoin's long-term prospects. He believes that these digital assets will continue to provide attractive returns for the company. MicroStrategy reports a BTC yield of 47.8% quarter-to-date (QTD) and 74.1% year-to-date (YTD), showing the positive performance of their investments in Bitcoin.

Going forward, MicroStrategy plans to continue to increase their Bitcoin holdings. The company has announced plans to raise up to $21 billion through stock sales and other securities to fund further Bitcoin purchases.