MicroStrategy Bolsters Bitcoin Holdings with $1.1 Billion Buy

MicroStrategy strengthens its Bitcoin position with a $1.1 billion purchase, bringing total holdings to over 471,000 BTC.

Microstrategy Michael Saylor happy to be around Bitcoin.
Created by Kornelija Poderskytฤ— from DailyCoin

As tech stocks and the crypto market plunged on Monday, one of Bitcoinโ€™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

MicroStrategyโ€™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 MicroStrategyโ€™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 Bitcoinโ€™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 todayโ€™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

MicroStrategyโ€™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.

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This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Alex Costa

Alex Costa is a crypto writer and investor specializing in researching, analyzing and reporting on promising small-cap projects that are gaining traction in the industry. He has been in crypto since 2018, when he began looking for hidden gems in crypto. Today, he is dedicated to finding the next top performing NFTs and tokens.

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