MicroStrategy Expands Bitcoin Holdings by 11,000 BTC

In a bold move, MicroStrategy has expanded its Bitcoin reserves by acquiring 11,000 BTC for $1.1 billion, just a day after President Donald Trump’s inauguration.

The acquisition brings the company’s total holdings to 461,000 BTC, purchased at an average price of $63,610 per Bitcoin, including fees and expenses, according to a U.S. Securities and Exchange Commission (SEC) filing.

With this purchase, the aggregate cost of MicroStrategy’s Bitcoin stash now stands at $29.3 billion, reaffirming the company’s long-term commitment to Bitcoin as a strategic asset.

Latest Purchase Highlights

In this latest spree, Michael Saylor’s software company acquired Bitcoin at an average price of $101,191 per BTC, reflecting the cryptocurrency’s recent surge.

Despite the acquisition, MicroStrategy’s stock remained relatively flat, trading at $396.50, slightly down from the previous session, according to Google Finance data.

Market Reaction

The Bitcoin price peaked at $109,000 amid heightened speculation about pro-crypto policies under Trump’s presidency. However, the price corrected to $104,401 as of press time, reflecting the market’s cautious reaction to the absence of immediate crypto-related executive orders from Trump’s administration.

Over the past 24 hours, Bitcoin is down 3%, and it has dropped 10% from its weekly high, according to CoinGecko data.

MicroStrategy’s Bitcoin Strategy

This purchase follows a series of high-value acquisitions by MicroStrategy, including a $344 million BTC purchase earlier this month. Since adopting its Bitcoin strategy in 2020, the company has become one of the largest corporate holders of Bitcoin, now owning over 1% of all Bitcoin in existence.

The company’s largest acquisition occurred after Trump’s election victory, with MicroStrategy purchasing $5.4 billion worth of Bitcoin in a single transaction.

Corporate Bitcoin Adoption

MicroStrategy’s accumulation strategy has inspired other major corporations, such as Tesla and Block, to explore Bitcoin as a treasury asset. The company’s approach underscores its belief in Bitcoin’s long-term potential despite market volatility and political uncertainties.

As MicroStrategy continues its aggressive Bitcoin accumulation, the crypto industry eagerly awaits further developments under Trump’s administration. With the company now aiming to double its Bitcoin share, its actions will likely remain a significant influence on the broader market.