MicroStrategy, the software firm led by Michael Saylor, has added another 2,530 Bitcoin to its massive holdings. This latest purchase, costing roughly $243 million, brings their total Bitcoin stash to a whopping 450,000 BTC.
A $28 Billion Bitcoin Bet
At current prices, MicroStrategy’s Bitcoin holdings are valued at approximately $28.2 billion. Saylor announced the purchase on X (formerly Twitter), noting that the average price paid for their Bitcoin is around $62,691 per coin. The company also reported a 0.32% year-to-date yield on their Bitcoin investment as of January 12th, 2025.
Future Plans and Market Conditions
MicroStrategy recently announced a potential $2 billion fundraising plan to buy even more Bitcoin. However, they’ve emphasized that this plan, slated for the first quarter of 2025, is contingent on favorable market conditions. The company has the option to proceed or cancel the fundraising entirely.
Board Expansion
In other news, MicroStrategy expanded its board of directors from six to nine members in December 2024.
Disclaimer: This information is for general knowledge and shouldn’t be considered investment advice. Investing in cryptocurrency is risky, and you could lose money. Always do your own research before making any investment decisions.
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