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, raising its total holdings to 450,000 BTC.
- The company reported a Bitcoin yield of 0.32% for the period from January 1-12.
MicroStrategy bought 2,530 Bitcoin BTC for $243 million at an average price of $95,972 per BTC, according to a Jan. 13 announcement from Michael Saylor, the company’s co-founder and executive chairman.
The purchase marks MicroStrategy’s tenth consecutive week of Bitcoin acquisitions since October 31, when it announced its “21/21 Plan.” The Virginia-based company funded the purchase through the sale of 710,425 shares between January 6-12, according to an SEC filing . MicroStrategy maintains $6.5 billion worth of shares available for future issuances and sales.
The company reported its Bitcoin yield, which measures the growth of Bitcoin holdings relative to outstanding shares, was 0.32% during January 1-12.
As the world’s largest corporate Bitcoin holder, MicroStrategy now owns roughly 450,000 BTC, valued at around $40.8 billion at current market prices. The firm has spent about $28 billion on its Bitcoin holdings at an average price of $62,691.
MicroStrategy’s announcement comes at a crucial time as the largest crypto asset has retraced by nearly 9% over the past seven days, now trading at around $90,500, per CoinGecko . The decline comes ahead of next week’s scheduled inauguration of President-elect Donald Trump.
Bitcoin’s major rise after the November 5 presidential election is facing hurdles due to Trump’s economic policies, including his proposed tariff plans. These factors create uncertainties and pressure on crypto assets, despite initial optimism about a pro-crypto environment under Trump’s administration.
Plus, the likelihood that the Fed will maintain current interest rates adds to challenges for digital asset markets.
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
XRP ETF in the Spotlight: Canary Capital Moves Forward in Seeking SEC Approval
SEC Deepens Interest in Cryptocurrency Staking in the US
Ethereum Fees Plunge Below $0.41, Analysts Mull Upside Potential
XRP Demand Skyrockets: Whales Amass $400M Holdings

Trending news
MoreCrypto prices
More








