MicroStrategy Continues Bitcoin Buying Spree, Now Owns 450,000 BTC

MicroStrategy, the leading corporate holder of Bitcoin (BTC), has purchased an additional $243 million worth of Bitcoin on January 13, 2025.

According to filings with the U.S. Securities and Exchange Commission (SEC), the company paid an average price of approximately $95,972 per Bitcoin for this latest addition.

At the time of writing, Bitcoin’s price has climbed back above $91,000, after dipping below $90,000 earlier in the day. However, Bitcoin is still down 3.4% in the last 24 hours and 10% lower compared to last week, according to CoinGecko data.

MicroStrategy now holds a total of around 450,000 BTC, acquired at an average price of $62,691 per Bitcoin, including fees and expenses.

The total value of these holdings is approximately $41.04 billion, which is over 45% higher than the $28.2 billion the company spent on acquiring them.

Despite the increasing value of its Bitcoin reserves, MicroStrategy’s shares have been underperforming. As of now, the company’s stock is trading at $328, down 30.65% from its peak of $474 in November 2024.

This latest Bitcoin purchase follows a similar move made just a week ago when MicroStrategy acquired $101 million worth of Bitcoin at an average price of $94,004 per coin. The company has been on a weekly Bitcoin buying spree since November 2024.

MicroStrategy, a business intelligence software company, has become a major player in Bitcoin acquisition, now holding over 1% of all Bitcoin that will ever exist.

The company’s strategy has influenced other major companies, including Tesla, Block, and Rumble, to also invest in Bitcoin.