MicroStrategy has significantly increased its Bitcoin holdings, acquiring an additional 4,980 BTC at an average price of $106,801 per coin. This latest purchase brings the company’s total Bitcoin treasury to 597,325 BTC, acquired at a cumulative cost of $42.4 billion.
Analyst Jeff Walton estimates a 91% probability of MicroStrategy qualifying for inclusion in the S&P 500 index if Bitcoin maintains a price above $95,240 through June 2025. The analysis suggests minimal risk of disqualification under these conditions, bolstering the company’s strategic bid for entry into the benchmark index.
The move highlights the growing trend of corporate Bitcoin treasury models, which collectively hold over 3 million BTC valued at approximately $315 billion. However, analysts caution that such strategies carry inherent risks, including the potential for forced liquidations during significant market downturns.
MicroStrategy’s aggressive Bitcoin accumulation strategy has influenced other firms, including Metaplanet, GameStop, Strive, and Twenty One Capital. Despite this, concerns persist that smaller companies utilizing leverage to hold Bitcoin may face heightened vulnerability compared to MicroStrategy.
Pre-market trading data reflected positive sentiment, with MicroStrategy’s stock (MSTR) rising 1.43%. Other cryptocurrency-related equities, such as Coinbase (COIN) and Riot Platforms (RIOT), also experienced gains.