MicroStrategy Boosts Bitcoin Holdings with $243M Investment Amid Market Volatility
MicroStrategy has expanded its Bitcoin reserves by acquiring 2,530 BTC for $243 million, according to a January 13 announcement by co-founder and executive chairman Michael Saylor. The Virginia-based software giant executed the purchase at an average price of $95,972 per BTC, funding it through the sale of 710,425 shares between January 6 and January 12, as disclosed in an SEC filing.
With $6.5 billion worth of shares available for future issuances, MicroStrategy remains committed to its Bitcoin accumulation strategy. The company’s Bitcoin yield—a metric indicating the growth of BTC holdings relative to shares outstanding—stood at 0.32% during the first 12 days of January.
As the largest corporate Bitcoin holder globally, MicroStrategy now owns approximately 450,000 BTC, valued at $40.8 billion at current market prices. The firm’s total Bitcoin investment has reached $28 billion, reflecting an average purchase price of $62,691 per coin.
This latest purchase is part of MicroStrategy’s “21/21 Plan,” launched on October 31, marking the company’s tenth consecutive week of Bitcoin acquisitions.
The announcement arrives as Bitcoin faces a challenging market environment, with its price declining by nearly 9% over the past week to approximately $90,500. This downturn coincides with heightened market uncertainty tied to the upcoming inauguration of President-elect Donald Trump.
Bitcoin’s post-election rally since November 5 has encountered headwinds from Trump’s proposed economic policies, including potential tariffs, which have added pressure to the broader crypto market. Furthermore, expectations that the Federal Reserve will maintain its current interest rate policy contribute to the uncertainty surrounding digital assets.
Despite these challenges, MicroStrategy’s unwavering commitment to Bitcoin underscores its belief in the cryptocurrency as a long-term strategic asset.