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.
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