MicroStrategy holds 461K BTC after $1.1B Bitcoin buy

MicroStrategy adds $1.1B in Bitcoin, raising total to 461K BTC

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Written on Jan 21, 2025
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  • MicroStrategy now hodls 461,000 BTC acquired for $29.3 billion.
  • Bitcoin traded around $104,436 at the time of writing, down 3% in 24 hours.
  • MicroStrategy’s MSTR was at $395.68 in premarket trading.

MicroStrategy, the business intelligence company that’s the world’s largest corporate bitcoin holder, has added to its holdings with another 11,000 BTC purchase.

The company announced on January 21 that it had acquired 11,000 BTC for approximately $1.1 billion. 

MicroStrategy buys more BTC

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As announced on Tuesday, MicroStrategy filed details of the purchase in a Form 8-K with the US Securities and Exchange Commission (SEC) on January 21, 2025. 

Michael Saylor, MicroStrategy founder and executive chairman of the US-listed firm shared details of the purchase on X.

He noted that the company scooped the additional bitcoin at the average purchase price of $101,191 per bitcoin.

The buy pushes MicroStrategy’s total Bitcoin holdings to 461,000 BTC, with this acquired for a total of $29.3 billion.

As of January 20, 2025, the company’s bitcoin strategy had accrued at the average purchase price of $63,610 per bitcoin.

MicroStrategy first bought Bitcoin in August 2020, with the steady and regular buys putting the publicly-traded company at the forefront of the corporate BTC holder club.

This latest BTC purchase follows the acquisition of 2,530 BTC announced on January 13, which the firm said had cost it $243 million at the average price of $95,972 per bitcoin.

It was the latest in a series of regular buys that have accelerated since Saylor announced plans to buy $42 billion worth of BTC over the next three years.

Acquisitions have come after MicroStrategy raised funds from the issuance and sale of company shares.  

Bitcoin price

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The price of Bitcoin raced to an all-time high above $109,000 on Monday, January 20, with this coming ahead of Donald Trump’s inauguration as 47th US president.

However, the benchmark asset fell to support around $100,100 early Tuesday as overnight sell-off pressure derailed bulls.

Much of this was down to the expectation and tinge of disappointment that Trump’s first speech as president did not mention crypto or Bitcoin.

Despite this, analysts are ultra-bullish on the price of BTC.

Several industry figures say the anticipated executive orders on crypto, including one on a Strategic Bitcoin Reserve, will eventually come. 

BTC traded around $104,436 at the time of writing, still nearly 3% down in the past 24 hours.

However, the flagship digital asset has gained by more than 11% year-to-date and by 151% in the past year.

Meanwhile, MicroStrategy’s share price hovered around $395.68 in premarket trading.

MSTR has gained 28% in the past five days and over 743% in the past year.