MicroStrategy Buys 2,530 BTC Worth $243M

microstrategy
microstrategy

Between January 6 and January 12, MicroStrategy purchased 2,530 BTC at an average price of approximately $95,972 per coin, spending roughly $243 million in total. The year-to-date return on these investments stands at 0.32%.

The funds for this acquisition came from proceeds raised through issuing and selling company shares.

As of January 13, MicroStrategy holds 450,000 BTC—acquired at a combined cost of $28.2 billion, reflecting an average price of $62,691 per coin.

In late December, the firm’s founder, Michael Saylor, proposed a crypto policy concept for the United States, which included the creation of a national bitcoin reserve.

Meanwhile, in January, CleanSpark became the fourth mining company with a Bitcoin balance exceeding 10,000 BTC. Previously, MARA Holdings, Riot Platforms, and Hut 8 Mining each crossed that threshold.

More recently, a proposal was made to Meta’s board of directors to allocate part of the company’s liquid reserves to purchasing Bitcoin. Similar initiatives had already surfaced among shareholders of Microsoft and Amazon.

Context

  • As of the end of 2024, just 0.01% of publicly traded companies worldwide held Bitcoin, according to OKG Research.