MicroStrategy co-founder Michael Saylor announced on X that the company has acquired an additional 2,530 Bitcoin worth approximately $243 million. These new Bitcoins were purchased between January 6 and January 12 at an average price of $95,972 per coin.

With this latest acquisition, MicroStrategy now owns a total of 450,000 Bitcoin, purchased at an average price of $62,691 per coin.

At the current market price of $92,000, the company's Bitcoin holdings are valued at an estimated $40.8 billion. Having invested a total of $28.2 billion in Bitcoin, MicroStrategy has achieved a significant profit of $12 billion.

This solidifies MicroStrategy’s position as the largest corporate holder of Bitcoin, now controlling approximately 2.1% of the total Bitcoin supply.

Source: X

MicroStrategy’s dedication to Bitcoin has been rock solid, as proved by their actions, as this is the company’s tenth week in a row of acquiring Bitcoin. A journey that began on October 31 when it shared its “21/21 Plan.” to utilise share sales and various fundraising techniques to amass Bitcoin.

During the Bitcoin purchase window in January, MicroStrategy also sold 710,425 shares, successfully raising $243 million. According to its SEC filing, the company still possesses $6.5 billion worth of shares that are available for future sales to raise more funds. 

Michael Saylor has always described Bitcoin as a core component of MicroStrategy’s plan. The company has been buying a lot of Bitcoin since 2021, especially during short price drops.

In its  “21/21 Plan”, the company said it aims to raise $21 billion in equity and $21 billion in fixed-income securities to support its Bitcoin reserves. As of December 15, approximately $7.65 billion worth of shares remained for sale under this plan.

MicroStrategy is also working to raise up to $2 billion by offering perpetual preferred stock. In the next three years, they plan to raise $42 billion with this strategy.

Last year MicroStrategy had a good run as its stock outperformed Bitcoin and was also added to the Nasdaq index in late December. 

Meanwhile, Bitcoin’s price has dropped 9% since last week after hitting its weekly high at $103 on Jan 7. It is currently sitting around $90,500, according to CoinGecko. However, people believe Trump’s inauguration, set for January 20, will give the crypto market the boost it needs.

#BTC走势分析 #BTC☀ #BinanceSquareTalks #ShareYourTrade #DOJBTCAuction