Coinspeaker
Jan 21, 2025
3 0

MicroStrategy Acquires 11,000 Bitcoins for $1.1 Billion

MicroStrategy Inc (NASDAQ: MSTR) has acquired approximately 11,000 Bitcoins for about $1.1 billion from January 13 to January 20, 2025. This brings its total holdings to around 461,000 Bitcoins valued at about $47 billion.

Key points:

  • MicroStrategy's average purchase price is around $63,610 per Bitcoin, totaling an investment of $29.3 billion.
  • The firm holds an unrealized profit of approximately $17.7 billion.
  • As of January 20, 2025, the company reported a Bitcoin Yield of 1.69% year-to-date.
  • MicroStrategy sold 3,012,072 shares between January 13 and 20 to raise $21 billion, leaving about $5.42 billion worth of shares for further acquisitions.
  • A proposed amendment aims to increase Class A common stock from 330 million to 10.3 billion shares for additional Bitcoin purchases.

MicroStrategy's strategy has influenced other companies, such as KULR Technology Group Inc, which recently purchased $8 million in Bitcoins. The overall supply of Bitcoins on centralized exchanges has declined to about 2.19 million from over 2.7 million a year ago.

Institutional interest is growing in strategic Bitcoin reserves, with proposals being introduced by various states. This trend may contribute to bullish price movements for Bitcoin in the coming years, as investments shift from traditional assets like Gold ETFs to Bitcoin.