In a remarkable turn of events, MicroStrategy's Bitcoin investment has flourished, reaching an astounding valuation of $14 billion in 2024. Led by Michael Saylor, the company capitalized on the surge in Bitcoin's price.
MicroStrategy initially purchased 258,320 BTC for a total of $22.07 billion, with an average purchase price of $85,450 per Bitcoin. In a remarkable strategy, the company ended up with 189,150 BTC at the start of the year, further acquiring a staggering amount, 140,630 BTC, which translates to acquiring 385 BTC daily.