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MicroStrategy has further solidified its position as the leading institutional holder of Bitcoin, adding another 1,070 BTC to its reserves. According to a company announcement, the acquisition was made at an average cost of $94,004 per BTC, amounting to a total investment of $101 million. This purchase marks the firm’s ninth consecutive weekly acquisition, underlining its aggressive Bitcoin accumulation strategy.
Inside MicroStrategy’s BTC Acquisition
With this latest addition, MicroStrategy’s total Bitcoin holdings now stand at 447,470 BTC. The company has spent $27.97 billion to amass this significant cache, averaging $62,503 per BTC. Notably, this acquisition comes just a week after the firm bought 2,138 BTC for $209 million, demonstrating its unwavering commitment to its BTC-centric strategy.
MicroStrategy’s BTC investments have yielded impressive returns, with the company reporting a quarterly yield of 48.0% in Q4 2024 and a 74.3% yield for the entire financial year. The software giant’s consistent purchases are backed by ambitious fundraising plans.
MicroStrategy has acquired 1,070 BTC for ~$101 million at ~$94,004 per bitcoin and has achieved BTC Yield of 48.0% in Q4 2024 and 74.3% in FY 2024. As of 01/05/2025, we hodl 447,470 $BTC acquired for ~$27.97 billion at ~$62,503 per bitcoin. $MSTR https://t.co/CkLrLSkB5M
— Michael Saylor⚡️ (@saylor) January 6, 2025
The plan includes a recently announced public offering aimed at raising $2 billion to fuel further Bitcoin acquisitions. This initiative is part of a broader strategy to raise $42 billion over three years, underscoring its long-term bullish outlook on the BTC price.
What’s Next For Bitcoin Price?
Meanwhile, the BTC market has seen heightened activity, with prices crossing the $102,000 mark earlier today. Just prior to the milestone, prominent crypto analyst Michaël van de Poppe commented, “The next time Bitcoin breaks $100,000 is going to be a big trigger for the entire market.”
Analysts have set ambitious price targets, predicting Bitcoin could surge to as high as $250,000 by the end of the year. Moreover, in addition to MicroStrategy’s aggressive purchases, other institutional players are ramping up their BTC investments. Metaplanet, led by CEO Simon Gerovich, recently disclosed plans to quintuple its Bitcoin holdings to 10,000 BTC by 2025.
Also Read: Bitcoin Bond ETF Filed by Vivek Ramaswamy’s Strive Asset Management