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Cryptocurrency News Articles

MicroStrategy Founder Michael Saylor Announces Another Major Bitcoin Purchase Today, Amounting to $101 Million

Jan 07, 2025 at 02:28 am

MicroStrategy's Bitcoin purchases have sharply declined over the last month, going from individual buys over $5 billion to this comparably small amount.

MicroStrategy Founder Michael Saylor Announces Another Major Bitcoin Purchase Today, Amounting to $101 Million

MicroStrategy founder Michael Saylor announced another major Bitcoin purchase on Monday, adding 1,070 BTC to the company's coffers. The purchase is valued at around $101 million, based on the current Bitcoin price of about $94,004.

This brings MicroStrategy's total Bitcoin holdings to 447,470 BTC, acquired at an average price of $62,503 per bitcoin. The company's total Bitcoin cost basis is now around $27.97 billion.

At the beginning of December, MicroStrategy announced that it had achieved a BTC Yield of 48.0% in Q4 2024 and 74.3% in FY 2024. This metric, which is calculated by dividing MicroStrategy's total Bitcoin revenue for the period by the company's total Bitcoin cost basis, reflects the strong performance of Bitcoin in recent months.

However, MicroStrategy's Bitcoin purchases have sharply declined over the last month, going from individual buys over $5 billion to this comparably small amount.

Moreover, there have been persistent rumors that the firm may pause its BTC acquisition in January. Nonetheless, none of Saylor's public statements have reflected this downward trajectory.

In fact, he has continued to express bullishness about Bitcoin and has even encouraged the US government to carry out its own acquisition plan.

All in all, it appears that Saylor is still keen on continuing his aggressive Bitcoin purchase strategy. However, it remains to be seen how MicroStrategy will address the decreasing scale of these purchases moving forward.

News source:beincrypto.com

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