Despite the Bitcoin price drop, MicroStrategy is still betting heavily on the cryptocurrency, marking its tenth weekly BTC purchase. It now holds 450.000 BTC, following its recent $243 million investment.
MicroStrategy CEO Michael Saylor has announced his tenth consecutive weekly purchase of the leading cryptocurrency.
In a post on X, Saylor announced that his company recently acquired another 2.530 BTC for a total value of $243 million. With this new purchase, The company has raised its total holdings to 450.000 BTC, which represents approximately el 2,13% of the entire Bitcoin supply to exist.
The bold move comes amid volatile markets, where Bitcoin has fallen below $93.000 and MicroStrategy (MSTR) shares have seen a 12% decline over the past week.
MicroStrategy holds 450.000 BTC
According to a filing with the U.S. Securities and Exchange Commission (SEC), shared by Saylor on social media, MicroStrategy made the Bitcoin purchase between January 6 and January 12, 2025, at a Average price of $95.972 per BTCThe transaction was funded through the sale of 710.425 shares, a strategy the company has repeatedly used to expand its cryptocurrency portfolio.
With this acquisition, MicroStrategy has already invested a total of $28.200 billion in Bitcoin since it began acquiring the cryptocurrency in 2021, with an average cost of $62.691 for each BTC held. Thus, despite the recent drop in price, the company has achieved a return of 0,32% so far this year and an impressive 74,3% in fiscal year 2024 with its Bitcoin investment.
However, news of the company’s recent BTC purchase has not been enough to offset the current market volatility. MicroStrategy (MSTR) shares are down 3% in pre-market hours and 12% over the past week, reaching a price of $313,40 at the time of writing.
In the last week, the bitcoin price The cryptocurrency has also seen a major correction, sitting below $93.000 currently. Several reports, such as the one published by CoinShares on January 13, cite financial data, such as the US employment data, and macroeconomic pressures as one of the main factors behind the correction of the cryptocurrency and the market in general.
On the other hand, Bitcoin trading volume has increased by 151%, suggesting that many investors are selling their holdings amid uncertainty. Investors are maintaining a cautious stance amid inflation concerns under the administration of President-elect Donald Trump, who will begin his second term on January 20.
Michael Saylor's vision
Michael Saylor, CEO and co-founder of MicroStrategy, has been a strong proponent of Bitcoin, describing the cryptocurrency as «digital gold» y «the money of the future«In numerous statements, Saylor has reiterated his belief in the cryptocurrency’s potential as a store of value and its ability to outperform traditional assets over the long term.
Saylor has said that Bitcoin is the most efficient way to store value in the digital world and that as fiat currencies lose value due to inflation, Bitcoin is establishing itself as a solid, decentralized alternative because it is the only asset that combines Scarcity, security and liquidity in a single robust and global network.
Regarding MicroStrategy, Saylor also highlighted that his company's strategy is not focused only on investing in Bitcoin, but on redefining the role of corporations in the financial ecosystem. He stated that, with the adoption of BTC at an institutional level, a new model is being built for companies of the future, where the leading cryptocurrency is the core of the financial strategy.
A long-term investment strategy
MicroStrategy is currently showing no signs of stopping its vision of accumulating bitcoins. The company has announced plans to raise up to $ 21.000 million dollars through preferred stock offerings in the coming years, with the goal of continuing to acquire Bitcoin.
Despite the recent correction in its share price, this determined and aggressive approach towards BTC has led to a 490% increase in the company’s share value over the past year. All this, amid criticism from some investors who consider MSTR’s valuation to be overvalued compared to their Bitcoin holdings.
MicroStrategy’s tenth consecutive weekly Bitcoin purchase thus underscores its unwavering commitment to cryptocurrency, even amid market volatility. With 450.000 BTC in its portfolio today, and plans to continue investing, the company is redefining the role of corporations in the crypto ecosystem.
