MicroStrategy Bitcoin Stash Grows by $1 Billion

MicroStrategy has expanded its Bitcoin (BTC) reserves by acquiring 11,000 BTC for $1.1 billion, a day after President Donald Trump’s inauguration.

The latest acquisition brings MicroStrategy’s total holdings to 461,000 BTC, acquired at an average price of $63,610 per Bitcoin, including fees and expenses, as per a U.S. Securities and Exchanges Commission (SEC) filing.

The aggregate cost of the company’s Bitcoin stash is approximately $29.3 billion, showing the company’s long-term commitment to the world’s largest crypto.

In its latest buying spree, Michael Saylor’s software company bought the crypto at an average price of $101,191 per Bitcoin, as per the filing.

Despite the acquisition, MicroStrategy’s shares showed minimal movement, trading at $396.50, slightly down from the previous session, according to Google Finance data.

The Bitcoin price recently peaked at $109,000 amid speculation about pro-crypto policies under Trump’s presidency.

However, the price has since corrected to $104,401 as of press time, as the market reacted to the lack of immediate crypto-related actions.

Despite prior optimism, Trump did not sign any executive orders related to crypto on his first day in office, leaving the industry awaiting further clarity on his administration's stance.

The crypto is down 3% over the past 24 hours and 10% from its weekly high, per CoinGecko data.

The latest purchase follows a series of high-value Bitcoin acquisitions by MicroStrategy, including $344 million worth of BTC earlier this month.

The company’s strategy of accumulating Bitcoin since 2020 has inspired other corporations, such as Tesla and Block, to adopt similar approaches.

MicroStrategy now holds over 1% of all Bitcoin in existence and continues its pursuit of doubling that share.

Saylor’s firm’s largest-ever acquisition came shortly after Trump’s election victory when the company purchased $5.4 billion worth of Bitcoin in a single transaction.

Edited by Stacy Elliott.