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- MicroStrategy buys another $101 million of Bitcoin.
- Company’s holdings now stand at 447, 470 BTC.
- KULR also announced it purchased $21 million worth of Bitcoin to add to its holdings.
MicroStrategy has added to its Bitcoin (BTC) haul with another big purchase of 1,070 BTC valued at approximately $101 million.
The company disclosed the latest Bitcoin purchase on Monday Jan. 6, noting the acquisition was at the average price of $94,004 per bitcoin. Buying happened between Dec. 30, 2024 and Jan. 5, 2025, the business intelligence firm said.
MicroStrategy completed the sale after finalizing the sale of 319,586 shares. With this purchase, the company’s remains with $6.77 billion shares – part of the targeted $21 billion equity and $21 billion fixed income securities – to be used for more Bitcoin purchases.
MicroStrategy’s Bitcoin strategy
Bitcoin price has risen in the past week, rising amid bullish sentiment ahead of Donald Trump’s inauguration. So far, MicroStrategy has acquired a staggering 447,470 BTC hodled at the purchase value of about $27.97 billion. As per current prices,the company’s total BTC bag is worth over $44 billion.
MicroStrategy has acquired 1,070 BTC for ~$101 million at ~$94,004 per bitcoin and has achieved BTC Yield of 48.0% in Q4 2024 and 74.3% in FY 2024. As of 01/05/2025, we hodl 447,470 $BTC acquired for ~$27.97 billion at ~$62,503 per bitcoin. $MSTR https://t.co/CkLrLSkB5M
— Michael Saylor
(@saylor) January 6, 2025
The world’s largest corporate holder of Bitcoin has inspired several other publicly-traded companies to adopt BTC treasury strategies. It includes companies listed in the US, Hong Kong and Canada among others.
Notably, MicroStrategy bought its bitcoin at the average price of $62,503 per BTC.
One of these, KULR Technology Group, an energy management platform, has also announced on Jan.6 that it purchased another $21 million worth of BTC to bring its total to $42 million.
KULR has acquired 213.43 BTC for ~ $21 million at ~ $98,246 per #bitcoin and has achieved BTC Yield of 93.7 % YTD. As of 1/6/25, we hodl 430.61 $BTC acquired for ~ $42 million at ~ $97,391 per bitcoin. $KULR https://t.co/L4LS7DtL4M pic.twitter.com/INaGxpNv28
— Michael Mo (@michaelmokulr) January 6, 2025
KULR, which began its Bitcoin treasury strategy in early December, 2024, acquired the latest BTC haul at the average price of $98,393.58 per bitcoin.
Bitcoin traded at around $99,194 at the time of writing, 1.5% up in the past 24 hours and nearly 6% up in the past week.
MicroStrategy has announced another Bitcoin purchase, making it the company’s ninth BTC acquisition in as many weeks. The software company now holds 447,470 BTC, which it acquired for $27.97 billion.
MicroStrategy Acquires 1,070 BTC For $101 Million
In a press release, MicroStrategy announced that it had acquired 1,070 BTC for $101 million at an average price of $94,004 per bitcoin. The company also revealed that it achieved a BTC yield of 48.0% in the fourth quarter of 2024 and 74.3% in the 2024 financial year.
Following its recent Bitcoin purchase, MicroStrategy now holds 447,470 BTC, which it acquired for $27.97 billion at an average price of $62,503 per Bitcoin. This marks the company’s ninth purchase in as many weeks. Last week, the company announced a Bitcoin purchase of 2,138 BTC for $209 million.
The software company already holds the crown as the public company with the largest Bitcoin holdings and doesn’t look to be slowing down anytime soon. It recently announced plans to raise up to $2 billion to buy more Bitcoin.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across DeFi, NFTs, smart contracts, and blockchain interoperability, among others. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover and a part-time degen.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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