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Cryptocurrency News Articles
MicroStrategy Continues Bitcoin Buying Spree, Now Holds 450,000 BTC
Jan 14, 2025 at 10:32 pm
MicroStrategy has continued to expand its Bitcoin (BTC) holdings for the tenth week in a row, purchasing 2,530 BTC at an average price of $95,972 per BTC.
Business intelligence firm MicroStrategy has added 2,530 bitcoin to its already massive stash of the apex crypto.
The company’s co-founder and executive chairman Michael Saylor announced the recent bitcoin acquisition on Wednesday. The total stash now stands at 450,000 bitcoin.
"MicroStrategy has acquired 2,530 bitcoin for ~$243 million at ~$95,972 per bitcoin and has achieved BTC Yield of 0.32% YTD 2025. As of 1/12/2025, we hodl 450,000 $BTC acquired for ~$28.2 billion at ~$62,691 per bitcoin. $MSTR," Saylor announced in a tweet.
The company has so far acquired more than 2% of the total supply of bitcoin, a strategy which Saylor spearheaded. Since launching his buy-and-hold approach in 2020, the chairman has significantly increased the company’s holdings, now valued at approximately $41 billion.
The company is seeking to expand its equity options, with a shareholder vote set for January 21 to determine whether to raise the authorized number of Class A common stock shares from 330 million to 10.3 billion.
Toxic BondsHighlighting the contrasting performance between bonds and bitcoin, Saylor pointed out that MicroStrategy has been purchasing bitcoin since 2020, while bonds have experienced a significant decline over the same period.
"If you look at the performance of MicroStrategy stock versus the performance of bonds, which is what companies are supposed to be buying, you'll see that we've gone up 300% and bonds are down 20%," Saylor said at the conference.
"So if you're a company and you're thinking about the future and you're thinking about digital capital versus boomer treasury bonds, which one would you choose?" he added.
The MicroStrategy chairman further explained that companies should be considering bitcoin as a form of “digital capital” instead of relying on traditional treasury bonds. He also criticized Microsoft for not adopting his strategy, despite his efforts to pitch bitcoin as a treasury asset during a recent shareholder meeting.
In a comprehensive 44-slide presentation, Saylor proposed that Microsoft could boost its market capitalization by nearly $5 trillion by fully integrating bitcoin into its financial strategy. He advised the tech giant to convert its cash flows, dividends, stock buybacks, and debt into cryptocurrency as a part of its long-term approach. However, the majority of Microsoft shareholders ultimately rejected the proposal.
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