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News

MicroStrategy Extends Bitcoin Buying for 9th Continuous Week

January 6, 2025 - Around 3 mins mins to read

Key Points:

  • MicroStrategy extends Bitcoin accumulation strategy with a ninth consecutive weekly purchase of BTC.
  • The company’s latest MicroStrategy extends Bitcoin purchase adds 1,070 BTC to its holdings, bringing the total to 447,470 BTC.
MicroStrategy Extends Bitcoin acquisitions to a ninth week, showcasing steadfast confidence in cryptocurrency with its latest $101M purchase.
MicroStrategy Extends Bitcoin Buying for 9th Continuous Week

MicroStrategy Extends Bitcoin Holdings with $101M Investment

On the evening of January 6th, 2025, publicly traded company MicroStrategy announced that it had purchased an additional 1,070 Bitcoins for $101 million in cash over the past week, at an average price of $94,004 per coin.

This latest MicroStrategy extends Bitcoin purchase, funded by selling nearly 320,000 convertible bonds. As of January 6th, the company still has 6.77 billion convertible bonds available to issue in subsequent offerings.

The BTC investment return (BTC Yield) for the year 2024 was 74.3%, while the return for Q4 2024 was 48%.

As before each Bitcoin purchase announcement, billionaire Michael Saylor often teases the news by posting an image of the SaylorTracker portfolio tracking tool.

Read more: MicroStrategy Preferred Stock Offered to Raise $2 Billion for Bitcoin Investment

MicroStrategy’s Bitcoin Strategy Pays Off as Holdings Reach 447,470 BTC

With this latest BTC purchase, Michael Saylor’s company has increased its total Bitcoin holdings to 447,470 BTC, with an average purchase price of $62,503 per BTC.

MicroStrategy’s total Bitcoin portfolio currently shows a profit of over $16.4 billion, representing a 58.63% gain on the $27.97 billion investment.

image 25 6
Statistics on MicroStrategy’s total Bitcoin holdings and profits as of January 6, 2025. Source: bitcointreasuries

This is the ninth consecutive week that MicroStrategy has executed a “positive DCA” Bitcoin strategy, following eight previous purchases that began on November 11th. The total capital the company has used to purchase Bitcoin amounts to $17.971 billion to accumulate an additional 195,250 BTC. The purchases include:

  • Starting with 27,200 Bitcoin ($2 billion) on November 11th;
  • Followed by 51,780 BTC ($4.6 billion) just one week later;
  • Ending November with 55,500 BTC ($5.4 billion);
  • In early December, the company continued to accumulate an additional 15,400 BTC ($1.5 billion);
  • The second week of December saw the announcement of a 21,550 BTC ($2.1 billion) purchase;
  • On December 16th, $1.5 billion was used to add 15,350 BTC to reserves;
  • On December 23rd, 5,262 BTC were purchased with $561 million raised from the sale of 1.3 million convertible bonds.
  • The last week of December saw a “positive DCA” of $209 million in Bitcoin.

Thanks to the strategy of steadily buying Bitcoin since its first purchase in 2020, MicroStrategy’s MSTR stock has also benefited, with its price increasing by $325.42, representing a growth of 2,285% over the past five years.

image 25 7
MicroStrategy stock price over the past 5 years (January 9, 2020 – January 6, 2025). Source: Google Finance
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.