MicroStrategy Acquired 11,000 Bitcoin For $1.1 Billion, Raising Its Total Holdings To 461,000 BTC

MicroStrategy, led by Executive Chairman Michael Saylor, has expanded its massive Bitcoin holdings. In the week ending January 19, the company acquired 11,000 more Bitcoin for $1.1 billion. This purchase brings its total Bitcoin stash to an astounding 461,000 BTC. The average price paid for this latest batch was $101,191 per Bitcoin, which has raised the company’s overall average purchase price to $63,610.

This marks the eleventh consecutive week of Bitcoin purchases for the business intelligence firm, further solidifying its position as the largest corporate Bitcoin holder. MicroStrategy’s aggressive Bitcoin strategy reflects Saylor’s unwavering belief in the cryptocurrency as a superior asset class for long-term value storage. He remains a prominent voice in the crypto community, advocating for Bitcoin as a hedge against inflation and traditional economic uncertainties.

Ahead of the announcement, Michael Saylor teased the news on X (formerly Twitter) with the cryptic message, “Things will be different tomorrow.” Since then, he has shared pictures on social media with notable figures such as Eric Trump, entrepreneur and crypto advocate David Sacks, and Robert Kennedy Jr., suggesting ongoing efforts to bridge Bitcoin adoption with influential circles.

Currently, Bitcoin is trading at $104,500, slightly down from its recent highs. Despite a minor dip in MicroStrategy’s stock (MSTR) during premarket trading, the company remains steadfast in its Bitcoin acquisition strategy. U.S. markets were closed on Monday for Martin Luther King Jr. Day, delaying broader market reactions to this development.

MicroStrategy’s continuous Bitcoin buying spree underscores its commitment to cryptocurrency, even as market volatility persists. The move reinforces Saylor’s vision of Bitcoin as an investment and a revolutionary financial tool with global implications.