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Home›Crypto Slate›MicroStrategy bought $1.1 billion BTC hours before Bitcoin fell below $100k
Crypto Slate

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MicroStrategy bought $1.1 billion BTC hours before Bitcoin fell below $100k

January 27, 2025
1 min read
MicroStrategy bought $1.1 billion BTC hours before Bitcoin fell below $100k

MicroStrategy bought an additional 10,100 BTC for $1.1 billion at an average price of $105,596, just before a 6% dip below $100,000.

This purchase comes days after the firm’s prior 11,000 BTC acquisition, which elevated its total stash to 461,000 BTC at an average cost of $63,610. The latest transaction brings MicroStrategy’s holdings to an estimated 471,100 BTC, now valued at around $46 billion based on current market data.

The company has financed recent purchases through stock sales, generating the $1.1 billion required. Shareholders also voted to increase authorized Class A common shares from 330 million to 10.3 billion, described in a Bloomberg report.

Michael Saylor, co-founder of MicroStrategy, recently teased this purchase, hinting on social media that the firm remains focused on a Bitcoin-centric treasury strategy amid President Trump’s move toward a ‘digital asset stockpile’ instead.

The post MicroStrategy bought $1.1 billion BTC hours before Bitcoin fell below $100k appeared first on CryptoSlate.

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