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MicroStrategy Buys More Bitcoin as its Weekly BTC Buying Spree Hits Week Nine, Achieving 74% BTC Yield

source-logo  thecryptobasic.com 06 January 2025 12:39, UTC

Chairman of MicroStrategy Michael Saylor has disclosed a fresh acquisition of Bitcoin worth over $100 million as the 2025 bull market prepares to take stage.

Today, MicroStrategy revealed the addition of 1,070 BTC to its Bitcoin portfolio, investing $101 million in the market. The latest acquisition occurred at $94,004 per coin, suggesting the transaction likely occurred earlier, as Bitcoin now trades around $99,500 at press time.

Currently, MicroStrategy holds 447,470 BTC, which it has acquired over four years at a total cost of $27.97 billion. The average purchase price per coin now stands at $62,503. At Bitcoin’s current price, MicroStrategy’s portfolio is collectively worth $44.55 billion. Accordingly, the software services firm is sitting on an unrealized profit of $16.59 billion.

MicroStrategy’s Bitcoin Buying Streak

Notably, the latest acquisition builds on MicroStrategy’s continued Bitcoin purchasing momentum. The company bought 258,320 BTC in 2024, with its buying spree intensifying in the last weeks of the year when it shifted to weekly Bitcoin purchases.

Since November 11, after pro-Bitcoin Donald Trump won the U.S. presidential election, MicroStrategy has announced BTC purchases every Monday. Today’s announcement marks the ninth consecutive weekly purchase.

MicroStrategy made its largest-ever single purchase on November 25, acquiring 55,500 BTC for $5.4 billion.

MicroStrategy Achieved 74.3% Bitcoin Yield in 2024

Of all its Bitcoin acquisitions, the one on December 23 stands as the only individual transaction with a loss. The company bought 5,262 BTC at $106,662 per coin, while Bitcoin is now trading at $99,500 per coin at press time.

Nonetheless, MicroStrategy remains up by 59.35% on its total Bitcoin holdings, with earnings exceeding $16 billion.

Meanwhile, in the announcement, Saylor disclosed that the company achieved a BTC yield of 48% in Q4 2024 alone. He added that for the entire year of 2024, the BTC yield was 74.3%.

Community Reacts: Will MicroStrategy Maintain Its Momentum for the Tenth Week?

MicroStrategy’s consistent Bitcoin purchases for nine weeks in a row have generated excitement in the crypto community.

Bitcoiner Neil Jacobs commented on the announcement, praising MicroStrategy for leading the way again. He highlighted the timeless wisdom that the best time to buy Bitcoin was yesterday, and the second-best time is today, with MicroStrategy setting the example.

Meanwhile, others have noted the progressively reduced quantity in its weekly purchases. They question whether the company will maintain the same momentum for a tenth week.

Community reaction

Notably, last week, the company announced plans to raise $2 billion to buy more BTC.

thecryptobasic.com