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MicroStrategy Adds 2,530 Bitcoin To Its Stash, Holdings Reach 450,000 BTC


Key Takeaways

  • MicroStrategy announced the purchase of 2,530 BTC for $243 million, increasing its total holdings to 450,000 BTC.
  • The company reported a Bitcoin return of 0.32% for the period between January 1-12.

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MicroStrategy bought 2,530 Bitcoin BTC for $243 million at an average price of $95,972 per BTC, according to a January 13 announcement from Michael Saylor, the company's co-founder and executive chairman.

The purchase marks MicroStrategy's tenth consecutive week of Bitcoin purchases since October 31st, when it announced the “21/21 Plan”. The Virginia-based company financed the purchase through the sale of 710,425 shares between January 6-12, according to the SEC. to file. MicroStrategy will hold $6.5 billion worth of shares available for future issuances and sales.

The company reported that its Bitcoin yield, which measures the growth of Bitcoin holdings compared to outstanding shares, was 0.32% in January 1-12.

As the world's largest physical Bitcoin holder, MicroStrategy now holds approximately 450,000 BTC, worth approximately $40.8 billion at current market prices. The company has spent about $28 billion on its Bitcoin holdings at an average price of $62,691.

MicroStrategy's announcement comes at a critical time as the largest crypto asset has retreated nearly 9% over the past seven days, now trading at around $90,500 , for CoinGecko. The decline comes ahead of next week's inauguration of President-elect Donald Trump.

Bitcoin's big rise is after the November 5 presidential election face obstacles because of Trump's economic policies, including his proposed tariff plans. These factors create uncertainty and pressure on crypto assets, despite initial optimism about a pro-crypto environment under the Trump administration.

In addition, the likelihood that the Fed will maintain current interest rates adds to challenges for digital asset markets.

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