MicroStrategy bought another $1.1B of Bitcoin last week

     

MicroStrategy acquired 10,107 BTC at a price of approximately $1.1 billion between Jan. 21 and Jan. 26, with an average purchase price of $105,596.

MicroStrategy has acquired an additional 10,107 Bitcoin for around $1.1 billion, its co-founder Michael Saylor announced on Jan. 27.

This brings the world’s largest corporate Bitcoin holder’s balance to 471,107 Bitcoin.

Saylor’s announcement came during pre-market trading hours on Jan. 27, as Bitcoin fell below the $100,000 mark for the first time since US President Donald Trump took office.

MicroStrategy’s latest purchase marks the firm’s 12th consecutive week of BTC buys. In a similar fashion to recent purchase announcements, Saylor teased the purchase in an X post on Jan. 26.

MicroStrategy has adopted an aggressive Bitcoin accumulation strategy, which started with a 21,454 BTC purchase in August 2020 via corporate cash.

He has since turned to debt issuance like convertible notes and senior secured notes to fund his Bitcoin shopping spree.

MicroStrategy’s aggressive Bitcoin strategy inspires global corporate Bitcoin adoption

In October 2024, MicroStrategy entered a sales agreement known as the “21/21 plan” that allows the company to issue and sell shares of its class A common stock to raise up to $21 billion.

The de-facto Bitcoin treasury firm’s latest purchase included the sale of more than 2.76 million shares for approximately $1.1 billion from Jan. 21 to Jan. 26.

Under this sales agreement, about $4.35 billion of shares are still available for issuance and sale.

In December 2024, MicroStrategy proposed increasing its common stock to 10.33 billion shares and its preferred stock to 1.005 billion shares, allowing the flexibility to raise capital as needed.

MicroStrategy’s Bitcoin blueprint has inspired other companies globally.

In Japan, Metaplanet rose to the scene by accumulating 1,762 Bitcoin by the end of 2024, helping its shares jump by more than 2,000% in the year. It announced its intention to up its holdings by 467% to 10,000 BTC in 2025.

Fathom Holdings, a Nasdaq-listed real estate services company, also recently announced plans to allocate up to $500,000 toward Bitcoin and Bitcoin exchange-traded funds, aiming to diversify its US dollar-dominated balance sheet.