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Microstrategy’s staggering $1.1 billion bitcoin acquisition solidifies its dominance as a crypto giant, raising curiosity about its bold investment strategy and shareholder impact.
A $1.1B Bitcoin Buy Pushes Microstrategy’s Holdings to 461,000 BTC
Software intelligence firm Microstrategy Inc. (Nasdaq: MSTR) announced on Jan. 21 updates on its bitcoin acquisition strategy, revealing substantial activity over the past week. According to the filing with the U.S. Securities and Exchange Commission (SEC), the company raised $1.1 billion in net proceeds by selling 3,012,072 shares of its Class A common stock between Jan. 13 and Jan. 20. Following this transaction, Microstrategy retains $5.42 billion worth of shares available for future issuance.
The filing detailed that the proceeds from the stock sales were used to purchase approximately 11,000 bitcoins at an average price of $101,191 per bitcoin, inclusive of fees and expenses. With this acquisition, Microstrategy’s total bitcoin holdings now stand at 461,000 BTC, acquired for a cumulative $29.3 billion at an average purchase price of $63,610 per bitcoin. Executive Chairman Michael Saylor shared on social media platform X:
Microstrategy has acquired 11,000 BTC for ~$1.1 billion at ~$101,191 per bitcoin and has achieved BTC Yield of 1.69% YTD 2025. As of 1/20/2025, we hodl 461,000 BTC acquired for ~$29.3 billion at ~$63,610 per bitcoin.
The filing also emphasized Microstrategy’s BTC Yield metric, a key performance indicator that reflects the percentage change in bitcoin holdings relative to the company’s diluted share count. As of Jan. 20, BTC Yield was reported at 1.69% year-to-date. The company uses this KPI to evaluate the shareholder impact of its bitcoin strategy while acknowledging its limitations, such as not accounting for liabilities or other financial obligations. Microstrategy described BTC Yield as a supplemental tool for sophisticated investors to understand its capital allocation strategy, clarifying that it is not a traditional measure of financial or operational performance.
Saylor forecasts that by 2045, bitcoin’s price could reach $13 million per coin in a base-case scenario, with potential variations ranging from $3 million in a bear case to $49 million in a bull case. He attributes this growth to BTC’s limited supply and its potential to serve as a hedge against inflation, suggesting that as adoption increases, volatility will decrease.