MicroStrategy has now surpassed 450,000 Bitcoin, worth around $40 billion, after purchasing an additional 2,530 BTC for $243 million between Jan. 6-12, 2025.
MicroStrategy has now surpassed 450,000 Bitcoin, worth around $40 billion, after purchasing an additional 2,530 BTC for $243 million between Jan. 6-12, 2025. The company’s total holdings, acquired at an average price of $62,691 per Bitcoin, are now valued at approximately $28.2 billion. This latest purchase follows a 10-week streak of consistent Bitcoin acquisitions by the business intelligence firm. MicroStrategy’s chairman, Michael Saylor, shared the milestone on Jan. 13, highlighting the firm’s ongoing commitment to digital assets.
The recent Bitcoin dip below $90,000 has not deterred the company. Despite a brief surge above $102,000 on Jan. 7, Bitcoin’s price has corrected, with the cryptocurrency trading 4.12% lower, at $90,800, on Jan. 13. The dip, attributed to macroeconomic factors such as strong U.S. labor data and potential interest rate hikes by the Federal Reserve, has prompted other companies to buy Bitcoin as well. Among them is Semler Scientific, which purchased 237 BTC for $23.3 million, and Boyaa Interactive, which holds over 3,000 BTC.
MicroStrategy’s Bitcoin purchases are largely funded by the sale of shares, with the company raising funds through a $21 billion equity offering and fixed-income securities. The latest share sale, which generated $243 million, will be used for future Bitcoin acquisitions. The company is also pursuing a $2 billion preferred stock offering, potentially attracting institutional investors like pension funds and insurance companies. This fundraising approach underscores the company's reliance on institutional backing to further its Bitcoin strategy.
The broader crypto market, however, remains under pressure, with Bitcoin trading about 17% below its December 2024 all-time high of $108,268. Analysts point to inflation control, employment data, and rising institutional interest as key factors supporting Bitcoin’s resilience, despite price fluctuations. MicroStrategy’s purchase strategy is in line with growing institutional interest in Bitcoin. Beyond the U.S., firms such as Japan’s Metaplanet and Hong Kong’s Boyaa Interactive are holding significant amounts of Bitcoin, further validating the asset as an institutional investment.
MicroStrategy’s growing Bitcoin holdings now account for around 2.1% of Bitcoin's total supply, strengthening the company's position as the largest corporate Bitcoin holder. While some investors have raised concerns over the company's reliance on equity and debt funding for its Bitcoin purchases, the firm continues to prioritize its digital asset strategy as part of its broader corporate vision. The latest purchase places MicroStrategy firmly at the forefront of institutional Bitcoin adoption.
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