MicroStrategy adds 2,530 Bitcoin to its stash, holdings reach 450,000 BTC

Photo: Stefani Reynolds/Bloomberg

MicroStrategy adds 2,530 Bitcoin to its stash, holdings reach 450,000 BTC

According to CoinGecko data, Bitcoin has fallen nearly 9% to around $90,500 in the past week.

by Vivian Nguyen | Powered by Gloria

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.

MicroStrategy adds 2,530 Bitcoin to its stash, holdings reach 450,000 BTC

MicroStrategy adds 2,530 Bitcoin to its stash, holdings reach 450,000 BTC

According to CoinGecko data, Bitcoin has fallen nearly 9% to around $90,500 in the past week.

by Vivian Nguyen | Powered by Gloria

Share

Add us on Google

Photo: Stefani Reynolds/Bloomberg

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.