MicroStrategy Doubles Bitcoin Since Trump Win, Buys $2.46B
MicroStrategy has more than doubled its Bitcoin (BTC) treasury since the November 2024 Trump victory. The firm grew its Bitcoin holdings from 252,220 BTC to 628,791 BTC by adding 376,571 BTC over nine months. Last week, MicroStrategy filed an SEC document to buy 21,021 BTC for $2.46 billion at an average price of $117,256 per coin. This marks its third-largest dollar purchase since 2018. Earlier post-election buys included 55,500 BTC ($5.4 billion) and 51,780 BTC ($4.6 billion). At a Bitcoin price near $114,244, the company’s reserve is worth about $72.2 billion against a cost basis of $73,277. CEO Michael Saylor calls Bitcoin a “freedom virus” and plans to boost returns via credit instruments through its STRC vehicle. MicroStrategy reported a record $1 billion profit in Q2. Its Bitcoin reserve now represents roughly 3.16% of the circulating supply, underlining its market influence.
Bullish
MicroStrategy’s continued large-scale Bitcoin purchases signal strong institutional demand, which can support price momentum in the short term. The SEC filing for an additional $2.46 billion buy and planned credit instruments via the STRC vehicle highlight further commitment to Bitcoin, bolstering market confidence. Over the long term, sustained accumulation by a public company and record profitability can attract other institutions, reinforcing Bitcoin’s perceived value and potential upside.