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"MicroStrategy Boosts Bitcoin Reserves to 471,107 BTC, Spending $1.1 Billion in Latest Purchase"

Coin WorldTuesday, Jan 28, 2025 3:39 am ET

1min read

MicroStrategy, a software company, has expanded its Bitcoin (BTC) reserves by acquiring an additional 10,107 BTC ahead of its Monday decline. This marks the firm's 12th consecutive week of BTC buys. The company's Executive Chairman, Michael Saylor, announced that the purchase cost roughly $1.1 billion, with an average price of $105,596 per BTC, made between Jan. 21 and Jan. 26.

With this latest purchase, MicroStrategy now holds a total of 471,107 BTC, currently valued at around $47 billion. The company has spent a total of $30.4 billion on the alpha crypto, with an overall average price of $64,511 per Bitcoin. The company has achieved a BTC Yield of 2.90% YTD 2025.

Bitcoin is now trading for about $99,808 after dropping as low as $97,791 on Monday morning amid a crypto-wide market bloodbath, according to CoinGecko data.

Saylor kicked off the company's Bitcoin buying master plan in 2020 and has since accelerated its accumulation, announcing a new BTC buy every week over the past 12 weeks. The company has turned to debt issuance like convertible notes and senior secured notes to finance its aggressive BTC buying spree.

Saylor believes Bitcoin is the best inflation hedge and a way to get better returns for shareholders over the long term. He advises other companies to do the same.

Last October, MicroStrategy entered a sales agreement known as the "21/21 Plan" that allows the company to raise as much as $42 billion via equity and fixed-income securities offerings for Bitcoin acquisitions. On Jan. 21, MicroStrategy shareholders expanded that plan by voting in favor of a 30x increase to the number of authorized Class A common shares to help make further Bitcoin purchases.

MicroStrategy's latest purchase was funded through stock sales, as was the case in previous weeks. As per a Jan. 27 SEC filing, the company sold 2.76 million shares over the past week, generating $1.1 billion in net proceeds. The company still has $4.35

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