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Cryptocurrency News Articles

MicroStrategy Loads 1,0170 BTC, Worth $101M, as Saylor Calls 2025 the "Year One of the Institutional Era"

Jan 07, 2025 at 01:47 pm

MicroStrategy bought its latest 1,070 Bitcoin at $94,004 per unit, spending around $101 million on the premier cryptocurrency.

MicroStrategy Loads 1,0170 BTC, Worth $101M, as Saylor Calls 2025 the "Year One of the Institutional Era"

Business development company MicroStrategy (NASDAQ:MSTR) has added another 1,070 BTC to its coffers. This purchase would be the first buy for the year 2025, which its CEO believes would be the first year of Bitcoin’s institutional era.

MicroStrategy purchased its latest 1,070 Bitcoin at $94,004 per unit, spending around $101 million on the premier cryptocurrency. This is roughly half of its final acquisition of the crypto last year, which was 2,138 BTC at $209 million.

The company reports achieving a “BTC Yield of 48.0% in Q4 2024” and boasts a 74.3% yield in the 2024 Fiscal year. It also disclosed that it had acquired 447,470 $BTC for approximately $28 billion at an average price of $62,503 per BTC.

Bitwise Head of Research Ryan Rasmussen shared some interesting statistics about how “Bitcoin held by corporations doubled over the past year.” While he found other companies like Metaplanet and Marathon Digital to be stepping up their acquisition efforts, he noted that Saylor and MicroStrategy were responsible for this remarkable uptick in purchasing.

The continued purchase is no surprise, especially after Saylor named 2025 the “year one of the institutional era of digital capital,” which is Bitcoin in the broader sense. He made it clear that banks, regulatory agencies, and accounting systems would fully adopt Bitcoin into their strategies this year, fulfilling this holistic institutional integration.

Earlier this month, Saylor was seen visiting Trump’s Mar-a-Lago residence. Trump’s third child and the Executive Director of the Trump Organisation posted a picture on X with the MicroStrategy Chief at the resort with the caption “Two friends, one passion: Bitcoin.”

Saylor also reposted Trump’s post with the caption “Bitcoin is on the menu in Mar-a-Lago,” stirring up rumors that he could be interviewing for some major crypto advisory role in the Trump administration.

However, Saylor has declined to comment on any alleged meeting with President Trump. During a recent Bloomberg interview where he was asked about his affiliations with Trump and the incoming administration, Saylor said he had met a lot of people in the incoming administration,” but “couldn’t comment further than that.”

Meanwhile, he expressed willingness “to serve on some sort of Digital Assets Advisory Council” where he can provide valuable thoughts on digital assets.

On Jan. 6 and for the first time in 2025, Bitcoin hit and exceeded the $100,000 mark. This happened less than three hours after the MicroStrategy purchase went public.

BTC reached a yearly high of $102,464 today and seems poised for another ATH (all-time high) at any moment. Experts link this rise in Bitcoin price to a resurgence of institutional interest in the asset. BTC trades at $101,637 as of this writing.

News source:blockzeit.com

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Other articles published on Jan 08, 2025