MicroStrategy Continues Weekly Bitcoin Buying Spree With Another $101 Million
MicroStrategy is continuing its aggressive Bitcoin acquisition strategy into 2025, having purchased an additional $101 million worth of Bitcoin, specifically acquiring 1,070 BTC at an average price of $94,004 each. This marks the company’s ninth consecutive weekly purchase since November, maintaining a trend of purchasing more Bitcoin following Donald Trump’s reelection. To date, MicroStrategy holds a total of 447,470 BTC, valued at over $45.5 billion at current prices. The firm's average purchase price for its holdings is $62,503 per Bitcoin. Michael Saylor, the company's co-founder, announced that they have achieved significant yields, with 48.0% in Q4 2024 and 74.3% for the entire year. While initial market predictions indicated high probabilities of continued large purchases, recent purchases have shown a decline in amount, raising concerns about the sustainability of this strategy amid Bitcoin's fluctuating price. Despite concerns regarding potential overvaluation, MicroStrategy's stock has skyrocketed over 500% year-to-date, making it the largest publicly traded holder of Bitcoin.
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