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MicroStrategy adds 2,530 Bitcoin to its stash, holdings reach 450,000 BTC

MicroStrategy adds 2,530 Bitcoin to its stash, holdings reach 450,000 BTC

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Source: Crypto Briefing

Key Takeaways

  • MicroStrategy announced the purchase of 2,530 BTC for $243 million, raising its total holdings to 450,000 BTC.
  • The company reported a Bitcoin yield of 0.32% for the period from January 1-12.

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MicroStrategy bought 2,530 Bitcoin BTC for $243 million at an average price of $95,972 per BTC, according to a Jan. 13 announcement from Michael Saylor, the company’s co-founder and executive chairman.

The purchase marks MicroStrategy’s tenth consecutive week of Bitcoin acquisitions since October 31, when it announced its “21/21 Plan.” The Virginia-based company funded the purchase through the sale of 710,425 shares between January 6-12, according to an SEC filing. MicroStrategy maintains $6.5 billion worth of shares available for future issuances and sales.

The company reported its Bitcoin yield, which measures the growth of Bitcoin holdings relative to outstanding shares, was 0.32% during January 1-12.

As the world’s largest corporate Bitcoin holder, MicroStrategy now owns roughly 450,000 BTC, valued at around $40.8 billion at current market prices. The firm has spent about $28 billion on its Bitcoin holdings at an average price of $62,691.

MicroStrategy’s announcement comes at a crucial time as the largest crypto asset has retraced by nearly 9% over the past seven days, now trading at around $90,500, per CoinGecko. The decline comes ahead of next week’s scheduled inauguration of President-elect Donald Trump.

Bitcoin’s major rise after the November 5 presidential election is facing hurdles due to Trump’s economic policies, including his proposed tariff plans. These factors create uncertainties and pressure on crypto assets, despite initial optimism about a pro-crypto environment under Trump’s administration.

Plus, the likelihood that the Fed will maintain current interest rates adds to challenges for digital asset markets.

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Author: Vivian Nguyen