MicroStrategy Boosts Bitcoin Holdings by Another $243 Million

MicroStrategy (MSTR) has increased its Bitcoin (BTC) holdings for the tenth straight week.

Michael Saylor, Executive Chairman of MicroStrategy, revealed on Jan. 13 that the company acquired an additional 2,530 Bitcoin (BTC) for approximately $243 million at an average price of $95,972.

This latest purchase brings MicroStrategy’s total Bitcoin holdings to 450,000 BTC, acquired for roughly $28.2 billion at an average price of $62,691 per Bitcoin, according to Saylor.

This move underscores MicroStrategy's commitment to its Bitcoin strategy, which Saylor frequently describes as a long-term investment in Bitcoin as "digital gold." Despite the inherent volatility of the cryptocurrency market, MicroStrategy continues to acquire Bitcoin, signaling its strong belief in the asset’s potential as a store of wealth and hedge against inflation.

The company plans to raise $42 billion in capital by 2027 through a mix of stock sales and convertible debt offerings to expand its Bitcoin holdings further. So far, it has already surpassed two-thirds of its equity funding goal within just three months of announcing the initiative.

Corporate Inspiration

MicroStrategy’s Bitcoin accumulation strategy has inspired other companies to adopt similar approaches – one notable example is Metaplanet. The Japanese company has gained recognition over the past few months for its Bitcoin treasury strategy.

Metaplanet CEO Simon Gerovich recently outlined the company’s ambitious goal, stating that it plans to expand its Bitcoin holdings to 10,000 BTC by 2025.

“Last year was transformational, as we broke records, expanded our Bitcoin treasury, and reinforced our position as Asia’s leading Bitcoin Treasury Company,” Gerovich said in the post. “This year, we’re laser-focused on execution and driving even greater value for our shareholders.”