MicroStrategy Buys Additional 1,070 BTC ($101M)

MicroStrategy’s bitcoin (BTC) holding is nearing the 500,000 BTC milestone as it recently purchased the pioneer cryptocurrency. According to a Form 8-K filing with the United States Securities and Exchange Commission (SEC), the Tysons Corner, Virginia-based software company has added 1,070 BTC, worth $101 million, to its bitcoin stash.

In an X post, Michael Saylor, MicroStrategy’s co-founder and executive chairman, shares that the company bought the latest BTC at an average price of $94,004.

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

Nearing the 500K BTC Milestone 

With this purchase, MicroStrategy’s bitcoin stash currently stands at 447,470 BTC, nearing the 500,000 BTC milestone. The company remains the largest corporate holder of the king coin.

According to Saylor, MicroStrategy achieved a BTC Yield of 48% in Q4 2024 and 74.3% in fiscal year 2024. It calculates this yield by comparing the percentage change in its BTC portfolio to its assumed diluted shares outstanding.

The filing shows that the most recent acquisition occurred between December 30 and December 31. This purchase is small compared to those it has bought in earlier weeks. For instance, it bought 2,138 BTC (worth approximately $209 million) around December 29.

MicroStrategy to Raise More Funds to Buy BTC

As usual, the latest acquisition was funded by share proceeds. Between December 30 and December 31, the company issued 319,586 MSTR shares. It still plans to raise $2 billion through public offerings to buy more bitcoin.

MicroStrategy’s bitcoin strategy has paid off so far. According to Saylor tracker, the company holding, which was bought for approximately $27.95 billion, is now worth $44.5 billion, reflecting a gain of roughly $16.5 billion.

The business intelligence company has now bought BTC for the ninth consecutive week. Thanks to its regular BTC acquisitions, MicroStrategy’s stock rose nearly 600% over the past year. This performance raised the company’s valuation, which helped it qualify to join the Nasdaq-100 Index—comprising the 100 largest non-financial companies on the stock exchange.

BTC traded at $98,820 at press time, representing a less than 2% increase in the past 24 hours.