Summary:
MicroStrategy holds 2.1% of total Bitcoin supply
258,320 BTC purchased in 2024 for $22.07 billion
Recent acquisition of 1,070 BTC for $101 million
Shift towards smaller strategic acquisitions
Plans to raise $2 billion for further acquisitions
MicroStrategy, a leading enterprise software firm, has significantly increased its Bitcoin holdings, now accounting for 2.1% of the total Bitcoin supply. This remarkable milestone was highlighted by the on-chain analytics platform IntoTheBlock, which also noted a recent trend in MicroStrategy's acquisition strategy.
Recent Acquisitions
In 2024, MicroStrategy purchased a staggering 258,320 BTC for $22.07 billion, averaging nearly $85,450 per Bitcoin. As of January 5, 2025, the company holds a total of 447,470 BTC, acquired at an average price of around $62,503 per Bitcoin.
On January 6, the company made a strategic acquisition of 1,070 BTC for approximately $101 million, or $94,004 per Bitcoin. This purchase continues a pattern of smaller yet strategic acquisitions that reflect co-founder Michael Saylor's intent to bolster their Bitcoin strategy.
A Shift in Strategy
While MicroStrategy had made substantial purchases nearing $1 billion in late 2023, recent weeks have seen a shift towards smaller purchases. Despite Bitcoin's price decline from its record highs, MicroStrategy remains well ahead of its capital goals, indicating that their strategy is not a cause for concern.
Future Plans
At the beginning of January, MicroStrategy announced plans to raise $2 billion through offerings of perpetual preferred stock to continue funding its Bitcoin acquisitions. This move further demonstrates their commitment to expanding their Bitcoin portfolio, even as market dynamics fluctuate.
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