Outside Source
MicroStrategy’s latest Bitcoin purchase is the firm’s third acquisition in January and its largest buy in 2025.
News
MicroStrategy, the largest corporate holder of Bitcoin, announced a fresh purchase of 11,000 BTC.
On Jan. 21, MicroStrategy officially disclosed its latest Bitcoin (BTC) purchase, costing $1.1 billion in cash at an average price of about $101,191 per BTC.
The purchase was made during the period between Jan. 13 and Jan. 20, the week before the inauguration of United States President Donald Trump.
Similar to previous MicroStrategy Bitcoin buys, the purchases were made using proceeds from the issuance and sale of shares under a convertible notes sales agreement.
Following the latest buy, MicroStrategy now holds 461,000 BTC, which the company acquired for a total of $29.3 billion at the average BTC price of $63,610, MicroStrategy co-founder Michael Saylor said in an X post announcing the purchase.
Source: Michael Saylor
Saylor previously hinted at a potential buy on Jan. 19, which usually signals an impending BTC purchase the next day.
The new 11,000 BTC purchase is the third acquisition by MicroStrategy in January and its largest buy so far in 2025. The company has bought 14,600 BTC this year.
With the purchase, MicroStrategy has achieved a BTC yield of 1.69% year-to-date, Saylor said.
This is a developing story, and further information will be added as it becomes available.
Magazine: BTC’s ‘reasonable’ $180K target, NFTs plunge in 2024, and more: Hodler’s Digest Jan 12 – 18
This article first appeared at Cointelegraph.com News
