MicroStrategy Acquires Over $1 Billion Worth of Bitcoin

Bitcoin Michael Saylor MicroStrategy
MicroStrategy, led by Michael Saylor, adds 10,107 BTC worth $1.1 billion to its treasury, bolstering its Bitcoin holdings to 471,107 BTC.
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On January 27, co-founder Michael Saylor revealed that MicroStrategy had acquired 10,107 BTC for $1.1 billion in an effort to bolster its Bitcoin holdings.

MicroStrategy’s Ongoing Bitcoin Accumulation as the Rally Waned

According to the company’s latest 8-K form, the Virginia-based organization now holds 471,107 Bitcoin amounting to $30.4 billion at $64,511 per Bitcoin.

Saylor’s Monday X post further highlights that each Bitcoin was bought at $105,596 and has since achieved a BTC yield of 2.90 percent YTD.

The company later unveiled $TRK, a convertible stock offering for institutional and retail investors, whose net proceeds will go in part to funneling MicroStrategy’s continued stockpiling of Bitcoin.

Just last week, shareholders of the organization approved two amendments that will see both its Class A common stock and preferred stock options increase.

In addition to the Bitcoin treasury organization’s latest capital raising move, MicroStrategy announced its “21/21 plan” in October 2024 in hopes of raising $42 billion in equity offerings and fixed-income securities through 2027 in order to fuel its continued Bitcoin reserves.

Meanwhile, this aggressive Bitcoin strategy carries regulatory implications that have drawn attention to Michael Saylor’s potential advisory role.

Michael Saylor Would Assist With U.S. Bitcoin Policy

News of MicroStrategy’s latest purchase comes as Bitcoin dropped below $100,000 Monday, marking an 11-day low. MicroStrategy’s stock also dipped nearly 4% on Monday, despite a 615% increase over the past year.

Saylor has spearheaded the company’s Bitcoin strategy since it started buying Bitcoin back in 2020.

The business executive has long touted the pseudonymously-founded cryptocurrency’s value, with MicroStrategy recently benefiting from a “red wave” rally following the election of now President Donald Trump in November 2024.

Trump, who has received flack by certain members of the crypto community for his namesake tokens, has vowed to enact a digital asset-friendly regulatory framework during his second term in office.

Most recently, President Donald Trump signed an executive order mandating the creation of a cryptocurrency policy working group aimed at tackling fair digital asset regulations in the U.S.

When asked by Bloomberg in an interview on January 27 if he would ever assist Trump with developing crypto policy, Saylor was more than happy to respond.

“I’m always willing to provide thoughts on constructive digital assets policy either in confidence or publicly, and if I’m asked to serve on some sort of digital assets advisory council, I probably would do so, yes,” Saylor said.

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