MicroStrategy has added another 1,070 BTC to its holdings, spending approximately $101 million, or $94,000 per Bitcoin.
Michael Saylor, the company’s chairman, shared on Twitter on January 6 that MicroStrategy now owns 447,470 BTC, acquired for nearly $28 billion in total.
MicroStrategy adds another 1,070 #BTC to the treasury at $94K each, investing $101M.
Total now: 447,470 $BTC at an average of $62.5K per coin.
This is what unwavering conviction looks like. The #Bitcoin standard is here. $MSTR
— Michael Saylor ⚡ Founder of MicroStrategy (Parody) (@Saylorsatsire) January 6, 2025
This marks the company’s ninth Bitcoin purchase in the past nine weeks and follows its January 3 announcement of plans for a $2 billion stock offering to fund more Bitcoin acquisitions.
If Bitcoin’s price remains around $100,000, the company could potentially add another 20,000 BTC to its reserves.
MicroStrategy and Metaplanet Double Down on Bitcoin Investments
MicroStrategy plans to execute its stock sale in the first quarter of 2025, according to Michael Saylor. The sale is part of the company’s “21/21 plan,” which aims to raise $21 billion in equity and $21 billion through fixed-income instruments over three years.
Saylor also highlighted the company’s impressive Bitcoin yield, achieving 48% in the fourth quarter of 2024 and 74.3% for the full fiscal year. Staying true to its bullish stance, MicroStrategy’s leadership reiterated its commitment to continually acquiring Bitcoin, stating they plan to “keep buying the top forever.”
Meanwhile, Japan’s Metaplanet is also ramping up its Bitcoin investments. CEO Simon Gerovich announced on X that the company intends to grow its Bitcoin holdings from 1,762 BTC to 10,000 BTC within the year.
“Last year was transformational as we broke records, expanded our Bitcoin treasury, and solidified our position as Asia’s leading Bitcoin Treasury Company,” Gerovich said.
Also Read: MicroStrategy Stays Committed to Its Bitcoin Strategy
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