MicroStrategy announced the acquisition of 10,107 BTC for $1.1 billion raising its total Bitcoin holdings to 471,107 Bitcoins.
By Bhushan Akolkar
Edited by Julia Sakovich
Updated
3 mins read
MicroStrategy executive chairman Michael Saylor puts his money where his mouth lies. The Nasdaq-listed firm announced a massive purchase of 10,107 BTC BTC $84 195 24h volatility: 0.6% Market cap: $1.67 T Vol. 24h: $33.86 B with an investment value of $1.1 billion. The announcement comes just as Bitcoin price took a dive under $100K levels earlier today as Chinese crypto startup AI takes the entire Wall Street by storm showing massive technological prowess and demand.
Earlier today, Michael Saylor announced the company’s latest Bitcoin acquisition of 10,107 BTC for approximately $1.1 billion. However, the SEC filing notes that the acquisition comes at a price of $105,596 per Bitcoin.
With the current acquisition, MicroStrategy has extended its total Bitcoin holdings to 471,107 BTC, accumulated over the last four years, with a total investment value of roughly $30.4 billion. Furthermore, the company’s current average purchase price of this massive BTC stockpile stands at $64,511 per Bitcoin.
Thus, per the Saylor Tracker data, the firm is currently sitting on 55% profits, or $16.4 billion profit, from its purchase price. Michael Saylor also reported that the firm has achieved a year-to-date BTC yield of 2.90%.
Saylor’s announcement reaffirms MicroStrategy’s commitment to its Bitcoin acquisition strategy, positioning the firm as one of the largest institutional holders of the leading cryptocurrency.
In the pre-market trading hours on Monday, the MicroStrategy stock price tanked by 5.5% slipping all the way to $334 levels. This happens amid the broader Wall Street selloff amid fears of DeepSeek disruption, thereby dragging crypto stocks down.
Over the past three months, the MSTR stock hasn’t given any returns to investors. However, it is still trading at 109% gains on the six-month chart. Also, its one-year gains stand at a staggering 600%. The MicroStrategy share price has been largely oscillating in the $300-$400 range.
Commenting on today’s Bitcoin price crash, Michael Saylor stated: “Volatility is a gift to the faithful”. Over the years, Saylor’s belief in Bitcoin has only grown stronger as he has been raising cash through debt and equity issuance.
As the Bitcoin price is down 5.46% dropping under $100K levels, investors are curious whether to buy the dips or wait and watch. Former BitMEX CEO and veteran investor Arthur Hayes predicted a “mini financial crisis” expecting BTC to tank to $70K, before kickstarting a mega rally to $250K.
All of the Bitcoin downside liquidity is being taken out.
Liquidity completely flushed out of the market.
The next move now will be up. pic.twitter.com/HxPg6RDqe5
— Mister Crypto (@misterrcrypto) January 27, 2025
Crypto analyst Mister Crypto shared insights on the current state of the Bitcoin market, stating that downside liquidity has been fully absorbed. “All of the Bitcoin downside liquidity is being taken out. Liquidity completely flushed out of the market,” Mister Crypto remarked, suggesting that the market is poised for an upward trajectory.
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Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.
