MicroStrategy, led by Michael Saylor, has announced its latest Bitcoin purchase, marking its third acquisition of the year and maintaining an uninterrupted buying streak for 11 consecutive weeks. The software company’s new purchase has expanded its total Bitcoin holdings to an impressive 461,000 BTC.
MicroStrategy Buys More Bitcoin
In the recent press release, the company disclosed the acquisition of 11,000 BTC at a total cost of $1.1 billion, with an average price of $101,191 per coin. This brings its total year-to-date Bitcoin yield to 1.69%. Cumulatively, MicroStrategy has invested $29.3 billion in Bitcoin at an average price of $63,610 per BTC.
This recent acquisition follows last week’s purchase of 2,530 BTC, valued at $243 million. The buying streak dates back to early November 2024, highlighting the company’s ongoing commitment to accumulating BTC. Analysts expect that such continued institutional buying could help Bitcoin rebound from the latest dip. Short-term BTC price target is pegged at $125,000.
MicroStrategy shareholders are expected to vote on a significant proposal to increase authorized Class A common shares from 330 million to 10.3 billion. If approved, the company plans to utilize the expanded share base to raise additional funds for further Bitcoin purchases. Saylor’s control of 47% of voting rights is anticipated to play a key role in the outcome of this proposal.
MicroStrategy has acquired 11,000 BTC for ~$1.1 billion at ~$101,191 per bitcoin and has achieved BTC Yield of 1.69% YTD 2025. As of 1/20/2025, we hodl 461,000 $BTC acquired for ~$29.3 billion at ~$63,610 per bitcoin. $MSTR https://t.co/SOgvMscghy
— Michael Saylor⚡️ (@saylor) January 21, 2025
Despite the continued accumulation of Bitcoin, MicroStrategy’s stock (MSTR) has not seen a positive reaction. Nasdaq data indicates the stock is trading at approximately $388.38, reflecting a 2.05% decline on the day.
However, the stock has shown resilience following a slump at the end of 2024. Starting the new year with strong momentum, MicroStrategy’s stock has recorded a year-to-date increase of over 30%. This follows a successful performance in 2024, where the stock ranked among the top-performing assets despite challenges toward the year’s close.
Also Read: MicroStrategy Shareholders Approve 10.3 Billion Shares through Voting
Source: https://www.cryptonewsz.com/microstrategy-buy-bitcoin-btc-price-recovery/