Kingdom

2024

Bitcoin

Arkham

Business intelligence company MicroStrategy has reached a significant milestone as its Bitcoin holdings surpassed $20 billion in value, driven by Bitcoin's rise above $80,000. The company's investment strategy has yielded a return of over 104%, marking a turning point for corporate cryptocurrency investment.
MicroStrategy currently holds 252,200 Bitcoin, acquired through 42 separate purchases at an average price of $39,292 per Bitcoin, according to BitcoinTreasuries data. As Bitcoin trades at $81,617, the company's holdings are now valued at $20.5 billion, solidifying its position as the largest corporate holder of the cryptocurrency.
The company's success has set it apart from other corporate Bitcoin holders. The next largest institutional investors are Bitcoin mining companies Marathon Digital and Riot Platforms, holding significantly smaller positions valued at $2.1 billion and $840 million respectively.
Looking ahead, MicroStrategy has announced an ambitious "21/21" expansion plan, aiming to raise $42 billion over the next three years to acquire more Bitcoin. The strategy involves raising $21 billion through equity and another $21 billion through fixed-income securities.
The cryptocurrency's price surge has also benefited other major holders. The Kingdom of Bhutan has emerged as a significant player, with its Bitcoin holdings exceeding $1 billion according to Arkham Intelligence. This investment represents 32% of Bhutan's $3.15 billion gross domestic product, as reported by the International Monetary Fund using October 2024 data.
Meanwhile, El Salvador, another notable Bitcoin investor, has seen its 5,930 Bitcoin holdings reach a value of $482 million, generating unrealized profits of $214 million – an 80% return on investment. The country continues its steady accumulation strategy by purchasing one Bitcoin daily, supplemented by additional acquisitions through its passport program and volcanic Bitcoin mining operations.

MicroStrategy Doubles Investment Return as Bitcoin Surges Past $80,000

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