MicroStrategy Buys Another $100 Million of Bitcoin

MicroStrategy has acquired another 1,070 BTC for about $101 million, or about $94,000 apiece.

The company now holds 447,470 BTC purchased for almost $28 billion, MicroStrategy chairman Michael Saylor announced on Twitter on Jan. 6.

The company’s ninth purchase in as many weeks comes hot on the heels of its Jan. 3 announcement that it is planning a $2 billion stock offering to buy more Bitcoin.

If Bitcoin were to hold steady at around $100,000, that would mean adding another 20,000 BTC to its holdings.

The stock sale is planned for the first quarter of 2025, he said.

Saylor explained that the company’s proposed raise furthers its previously announced 21/21 plan to raise $21 billion of equity and $21 billion of fixed-income instruments over three years.

He also broke down the company’s Bitcoin yield, achieving 48% in the fourth quarter of 2024. For the 2024 fiscal year, Microstrategy’s yield stood at 74.3%

MicroStrategy’s CEO remains the ultimate Bitcoin bull, having announced that the company plans to “just keep buying the top forever.”

Meanwhile, Japan’s Metaplanet is also looking to aggressively expand its Bitcoin holdings, with CEO Simon Gerovich announcing on X that the firm is planning to increase its hoard to 10,000 BTC from the existing 1,762 BTC over the course of the year.

“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.