MicroStrategy Adds $2.1B to Bitcoin Holdings, Bringing Total to More Than $42 Billion

MicroStrategy has once again reinforced its status as a top corporate Bitcoin holder, acquiring another 21,550 BTC between December 2 and December 8 for approximately $2.1 billion. The company announced on December 9 that this latest purchase was made at an average price of about $98,783 per coin, even as Bitcoin surged past the $100,000 mark for the first time in its history on December 5.

By December 8, the firm’s total Bitcoin holdings had grown to 423,650 BTC. According to co-founder and former CEO Michael Saylor, these holdings were accumulated at a combined cost of $25.6 billion, averaging around $60,324 per coin. With Bitcoin now trading above six figures, MicroStrategy’s Bitcoin trove is valued at over $42 billion.

Despite the sharp rise in Bitcoin’s price, Saylor remains committed to his long-term strategy. Speaking on Yahoo Finance’s Market Domination, he stated, “I’m confident I’ll be buying Bitcoin at $1 million per coin — likely around $1 billion worth of Bitcoin per day at that price,” adding, “I’ll be buying the top forever.”

Saylor also urged the United States government to reconsider its approach to gold reserves, suggesting that it sell its gold and convert the proceeds into Bitcoin. “Dump your gold, sell all the U.S. gold, and buy Bitcoin,” he said. “You can pick up 5 million Bitcoin for the cost of that gold. You’ll de-monetize the entire gold asset class, and our enemies—who store gold in their banks—would see their assets drop to zero while ours could reach trillions.”