MicroStrategy reports over $14 billion gains on its BTC holdings

Bitcoin investment company MicroStrategy made a 74.3% yield on its Bitcoin acquisition for 2024, translating into a gain of 140,630 BTC. The firm’s chairman, Michael Saylor, disclosed this on X, noting that the company bought 258,320 BTC in 2024 for $22.07 billion.

According to Saylor, the Bitcoin acquisition created massive value for MicroStrategy investors as its total holding of 447,470 BTC represents a massive premium on the cost price.

He said:

“At $100K/BTC, this translates to shareholder value creation of $14.06B for the year or $38.5M/day.”

While BTC has fallen 5% today to below $97,000, MicroStrategy remains in the green on its Bitcoin holdings. Its average purchase price is now around $62,000, a sizable increase due to purchases in 2024 when it bought over 258,000 BTC at an average cost of $84,450 per BTC.

Interestingly, MicroStrategy’s Bitcoin acquisition in 2024 is higher than the total amount of BTC mined by all Bitcoin miners within the same year. Given the amount of mined Bitcoin daily fell from 900 to 450 BTC by April 20, when the halving occurred, the total BTC mined in 2024 was less than 220,000 BTC.

MSTR finishes 2024 among the best-performing stocks, but what will happen in 2025?

Meanwhile, all the Bitcoin acquisitions and massive yield helped MicroStrategy finish 2024 on a high. Its MSTR stock was one of the best performers in 2024, with over  350% gain in the year, coming behind only Applovin when it comes to companies with over $5 billion in market cap.

Interestingly, it was the best-performing major cap asset in 2024, even on a Sharpe risk-adjusted basis. According to Galaxy Research, MSTR surpassed  AI giant Nvidia and outperformed its treasury asset, Bitcoin, which came third. This happened despite the pullback in its value towards the close of 2024.

Beyond the massive gains on MSTR, the stock was also one of the most traded in the US during the year, out-trading Nvidia and Tesla at some points. Investor interest has continued into 2025, with the stock currently seeing more trading volume than all the Magnificent 7 companies.

However, its bullish run at the start of the year took a dent on January 7 after falling almost 10%. This followed a marketwide crash during which BTC itself fell to $96,000. For those who are bearish about the MSTR, the crash is another proof that the stock is a bubble that will explode.

Convicted pharma bro turned crypto investor Martin Shkreli believes MicroStrategy is a bubble and claims to have shorted the stock. While many MSTR bulls have criticized his trades, Shkreli insists that his short positions on MSTR are doing well because he opened them when the stock was in the low $400s.

Unsurprisingly, Shkreli is not the only one with a short position against MSTR. Popular short-seller Citron Research also announced a few weeks ago that it had opened short positions on MSTR even though it remains very bullish on BTC as an asset.

According to the firm, it was one of the first to recognize the potential of MicroStrategy even when most of the market was not paying attention. However, it now believes that the stock movement no longer aligns with BTC fundamentals and expects its value to drop.

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