MicroStrategy Purchases 2,530 BTC for $243 Million Amid Market Volatility

MicroStrategy has reinforced its position as a major corporate Bitcoin holder by acquiring 2,530 BTC between January 6 and January 12, 2025, at an average price of $95,972 per Bitcoin, totaling $243 million. This purchase follows a brief spike in Bitcoin's value to $102,000 on January 7, before settling at $90,800, reflecting a 4.12% decline in the past 24 hours. The company's portfolio now totals 450,000 BTC valued over $40 billion, with a 45% profit margin.

Key points include:

Purchase funded through the sale of 710,425 MicroStrategy shares
Part of a larger $42 billion capital raise strategy for Bitcoin acquisitions
Recent $2 billion preferred stock offering attracted significant institutional investors
Tenth consecutive week of Bitcoin purchases by MicroStrategy
Hong Kong's Boyaa Interactive holds 3,183 BTC, while others like Semler Scientific and Metaplanet have also amassed large reserves
Cango, a Shanghai auto loan provider, invested $400 million in Bitcoin mining equipment

The cryptocurrency market remains under pressure, trading 17% below its December 2024 peak of $108,268. However, positive economic indicators, such as a drop in the US unemployment rate to 4.1%, may support resilience in the Bitcoin market moving into 2025.