MicroStrategy Bolsters Bitcoin Holdings with $1.1 Billion Buy
As tech stocks and the crypto market plunged on Monday, one of Bitcoin’s most steadfast institutional buyers, MicroStrategy , announced it has once again reinforced its position as a leading corporate Bitcoin holder with a $1.1 billion acquisition.
Strategic Investment in Bitcoin Continues
MicroStrategy’s co-founder and executive chairman, Michael Saylor , announced on X that the company has acquired an additional 10,107 BTC at an average price of $105,596 per coin, spending approximately $1.1 billion.
The latest purchase, executed between January 21 and 26, brings MicroStrategy’s total Bitcoin holdings to 471,107 BTC, valued at approximately $30.4 billion at current market prices, with an average acquisition cost of around $64,511 per Bitcoin.
Sponsored
To fund this latest $1.1 billion Bitcoin purchase, MicroStrategy sold 2.76 million shares, with $4.35 billion in shares still available under its $42 billion capital-raising plan. On Tuesday, shareholders approved an expansion of the plan by increasing authorized stock, paving the way for further Bitcoin acquisitions.
The business intelligence firm and corporate Bitcoin holder has maintained a relentless accumulation streak, marking its twelfth consecutive week of Bitcoin purchases.
Over the past few months, the company has acquired nearly $20 billion worth of Bitcoin and now holds more than 2.2% of Bitcoin’s total 21 million supply.
MicroStrategy’s Bitcoin yield, reflecting Bitcoin per share, has risen to 2.9% year-to-date. Yet, despite its bullish stance, the company’s stock (MSTR) fell 5.2% at last Friday’s market close.
On The Flipside
- Despite Bitcoin consolidating around $100,000 following today’s market dip, MicroStrategy still holds an unrealized profit of over $19 billion.
- The crypto market remains uncertain about Bitcoin’s short-term outlook. However, ongoing discussions about a US digital asset reserve and the possibility of including altcoins could significantly impact Bitcoin’s future role in the global financial system.
Why This Matters
MicroStrategy’s continued aggressive Bitcoin accumulation solidifies its position as a dominant player in the corporate crypto space, particularly as it now controls over 2.2% of Bitcoin’s total supply.
Check out trending DailyCoin’s articles:
Why Is the Crypto Market Down Today?
IRS Refund: 2025 Tax Season Opens for Crypto Investors in 25 States
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The Daily: ECB President Lagarde rejects bitcoin for Eurozone reserves while the Czech central bank considers it and more
European Central Bank President Christine Lagarde said bitcoin is not an option as a reserve asset for the Eurozone’s central bank reserves, citing liquidity, security and regulatory concerns.Meanwhile, the Czech National Bank approved a proposal from Governor Aleš Michl to assess diversifying some of its country’s reserves into bitcoin.
'Inevitable collapse': Trump’s crypto push sparks concern at Paul Singer's Elliott Management: FT
The hedge fund said in a new investor letter that the “inevitable collapse” of the crypto bubble “could wreak havoc,” according to the Financial Times.Elliott’s Paul Singer has never been a fan of crypto, telling WSJ in 2023 that cryptocurrencies are “completely lacking in any value.”
Kiyosaki Dumps Gold and Silver, Projects Bitcoin at $250K by 2025
Bulls Eye Reversal as Solana Tests Support After 25% Drop
Trending news
MoreCrypto prices
More
