MicroStrategy continues its ritual of buying Bitcoin (BTC) every Monday, kicking off the year with a purchase of 1,070 BTC over the final two days of 2024.
According to a filing with the U.S. Securities and Exchange Commission (SEC), the acquisition cost $101 million in cash and was made at an average price of $94,004 per BTC.
MicroStrategy Is At It Again
With this latest purchase, MicroStrategy’s total Bitcoin holdings have risen to 447,470 BTC, acquired at a total cost of $27.97 billion, or an average price of $62,503 per BTC. These holdings represent 2.1% of the coin’s total supply.
The company financed the purchase by issuing and selling shares under a convertible notes sales agreement, consistent with its prior acquisitions.
MicroStrategy has acquired 1,070 BTC for ~$101 million at ~$94,004 per bitcoin and has achieved BTC Yield of 48.0% in Q4 2024 and 74.3% in FY 2024. As of 01/05/2025, we hodl 447,470 $BTC acquired for ~$27.97 billion at ~$62,503 per bitcoin. $MSTR https://t.co/CkLrLSkB5M
— Michael Saylor (@saylor) January 6, 2025
But it should be noted that the latest purchase is a reduction in the firm’s Bitcoin purchasing activity, as in December 2024, the company acquired 45,370 BTC —accounting for roughly 30% of its Bitcoin buys between October 31 and December 1.
The slowdown occurs fear and uncertainty grip the market. Some industry figures like BitMEX co-founder Arthur Hayes have warned of potential volatility in the cryptocurrency markets in the upcoming days, mostly due to the upcoming inauguration of Donald Trump as President of the United States.
Read more: CryptoQuant CEO Warns Trump’s Bitcoin Policies Could Fall Short
Reports suggest that MicroStrategy may enter a blackout period in January 2025, which could pause its ability to issue shares or convertible bonds for further Bitcoin purchases. Meanwhile, the company recently announced plans to raise $2 billion through a perpetual preferred stock offering, though the decision to proceed remains subject to market conditions and other factors.
The purchase follows a December 2024 surge in Bitcoin’s price to new all-time highs. Despite this, the cryptocurrency has faced cautionary notes from analysts about potential market corrections.
MicroStrategy co-founder Michael Saylor alluded to the latest acquisition in a January 5 post on the SaylorTracker website, which monitors the firm’s Bitcoin holdings.