MicroStrategy has increased the amount of Bitcoin (BTC) it possesses by purchasing 11,000 Bitcoins for a total of $1.1 billion; the transaction has been finalized.
In the immediate aftermath of Donald Trump’s inauguration as President of the United States, this transaction took place.
According to a document, MicroStrategy claimed in a filing to the United States Securities and Exchange Commission (SEC) that the company’s total Bitcoin holdings have increased to 461,000 BTC as a result of its most recent acquisition. When all fees and expenses are taken into account.
MicroStrategy acquired these Bitcoins on average for $63,610.
The fact that the organization has spent around $29.3 billion on transactions tied to its Bitcoin holdings is evidence of the corporation’s unwavering dedication to the cryptocurrency that is now being used the most often.
After purchasing 11,000 Bitcoins at an average price of $101,191 per Bitcoin, MicroStrategy has a Bitcoin yield of 1.69% as of January 2025. This is based on the cryptocurrency’s current valuation. Buying 101,000 MicroStrategy bitcoins was the means by which this was accomplished.
Additionally, 11,000 Bitcoins were purchased on the market for around $1.1 billion in order to meet this goal. A total of 461,000 bitcoins have been acquired by us since the 20th of January, 2025.
Following their acquisition for about $29.3 billion at an average price of $63,610 per bitcoin, the bitcoins in question were categorized as $MSTR post-purchase. It is possible to establish a connection at the following locations:
According to the information provided in the report, Michael Saylor’s software company recently purchased Bitcoin for an average price of $101,191 per unit. The final purchase that was made was this one.
In accordance with the figures provided by Google Finance, shares of MicroStrategy were traded at $396.50, which indicates a large amount of volatility. The current trading session represents a modest decrease as compared to the prior trading session. It makes no difference whether the corporation has bought another company or not; this regulation applies.
As a result of recent developments in the cryptocurrency market, the price of a single coin has reached a new all-time high of $109,000. This is due to the fact that a significant number of people anticipate that favorable regulations regarding cryptocurrencies will be enacted during the administration of Donald Trump.
At the time that this article was being published, the price had already increased to $104,401.
MicroStrategy doesn’t see any significant changes in cryptocurrency.
On the first day of his presidency, President Trump did not sign any executive orders that directly related to bitcoin, contrary to expectations that were prevalent prior to his inauguration.
There is a growing demand among the general public for additional information regarding the government’s stance on bitcoin. In the past twenty-four hours, the value of bitcoin has dropped by three percent, and it has dropped by ten percent from its weekly high, as reported by CoinGecko.
Since the beginning of this month, MicroStrategy has been able to effectively carry out a number of big Bitcoin acquisitions that have a combined value of $344 million. This is the most recent purchase in a string of noteworthy acquisitions in this region.
As a result of the company’s intention to begin purchasing Bitcoin in the year 2020, other businesses, such as Tesla and Block, have been compelled to investigate techniques that are comparable to those that are relevant to this effort.
Since MicroStrategy already possesses more than one percent of all Bitcoin in circulation, the company is working on doubling the quantity of Bitcoin it already possesses. In the immediate aftermath of Trump’s election victory, Saylor’s company completed its most significant acquisition, which was a Bitcoin deal for $5.4 billion.
SOURCE: DN
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