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bitcoin

Bitcoin Accumulation Continues: MicroStrategy Buys 10,107 BTC Amid Crypto Market Pullback

Ash Tiwari
by Ash Tiwari
7 months ago
·
Posted in Bitcoin News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

In an announcement earlier today, business intelligence firm MicroStrategy revealed its continued Bitcoin (BTC) acquisition streak, purchasing 10,107 BTC for $1.1 billion. This latest purchase brings MicroStrategy’s total Bitcoin holdings to an impressive 471,107 BTC.

MicroStrategy Not Fazed By Crypto Market Drawdown

Despite the total crypto market cap declining from $3.75 trillion on January 25 to $3.55 trillion at the time of writing, Michael Saylor’s MicroStrategy remains steadfast in its quest to accumulate as much BTC as possible.

Related Reading: Video Streaming Platform Rumble Makes First Bitcoin Purchase, CEO Confirms

The company’s latest acquisition of 10,107 BTC cost $1.1 billion at an average price of $105,596 per Bitcoin. With this addition, MicroStrategy now holds a total of 471,107 BTC, valued at approximately $30.4 billion. The average acquisition cost stands at $64,511 per Bitcoin.

In an X post, Saylor remarked that the year-to-date (YTD) BTC Yield currently stands at 2.90%. For the uninitiated, BTC Yield is a key performance indicator used to gauge the performance and strategic value of BTC as a corporate treasury asset.

Bitcoin
MSTR is trading 1.65% down at the time of writing | Source: Yahoo! Finance

Notably, Peter Schiff, a prominent financial commentator and stockbroker, responded to Saylor’s post, pointing out that MicroStrategy’s average Bitcoin purchase price has steadily increased. He cautioned that it might not be long before the company’s entire Bitcoin position could face a loss.

In addition to its latest Bitcoin purchase, MicroStrategy has filed a shelf registration statement with the US Securities and Exchange Commission (SEC) to support future Bitcoin acquisitions and address other working capital needs.

For clarity, a shelf registration allows a company to pre-register securities – such as bonds, common stock, preferred stock, warrants, and units – and “shelve” them for up to three years. This approach enables the company to issue securities at any time during that period without requiring a new registration for each issuance, providing flexibility to raise capital quickly under favorable market conditions.

As of January 23, 2025, MicroStrategy had 231,632,665 outstanding shares of Class A common stock and 19,640,250 outstanding shares of Class B common stock. Furthermore, Saylor announced the launch of a new convertible preferred stock offering available to institutional and select retail investors.

Rising Crypto Adoption: A Donald Trump Effect?

Following Donald Trump’s victory in the November US presidential election, more companies are expected to include crypto assets as part of their corporate treasury strategies. To recall, Trump’s campaign emphasized favorable cryptocurrency regulations as a core policy promise.

Related Reading: Semler Scientific Scoops 303 Bitcoin For $29.3 Million – How It Compares To Other Corporate BTC Holders?

However, MicroStrategy may face tax challenges, as a recent report suggests the company could owe over $19 billion in taxes on unrealized gains from its Bitcoin holdings. At press time, BTC trades at $101,648, down 2.9% in the past 24 hours.

bitcoin
BTC trades at $101,648 on the daily chart | Source: BTCUSDT on TradingView.com
Featured Image from Unsplash.com, Charts from Yahoo! Finance and TradingView.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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Ash Tiwari

Ash Tiwari

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Ash is a seasoned freelance editor and writer with extensive experience in the blockchain and cryptocurrency industry. Over the course of his career, he has contributed to major publications, playing a key role in shaping informative, timely content related to decentralized finance (DeFi), cryptocurrency trends, and blockchain innovation. His ability to break down complex topics has allowed both seasoned professionals and newcomers to the industry to benefit from his work. Beyond these specific roles, Ash's writing expertise spans a wide array of content, including news updates, long-form analysis, and thought leadership pieces. He has helped multiple platforms maintain high editorial standards, ensuring that articles not only inform but also engage readers through clarity and in-depth research. His work reflects a deep understanding of the rapidly evolving blockchain ecosystem, making him a valuable contributor in a field where staying current is essential. In addition to his writing work, Ash has developed a strong skill set in managing content teams. He has led diverse groups of writers and researchers, overseeing the editorial process from topic selection, approval, editing, to final publication. His leadership ensured that content production was timely, accurate, and aligned with the strategic goals of the platforms he worked with. This has not only strengthened his expertise in content strategy but also honed his project management and team coordination skills. Ash's ability to combine technical expertise with editorial oversight is further bolstered by his knowledge of blockchain analysis tools such as Etherscan, Dune Analytics, and Santiment. These tools have provided him with the data necessary to create well-researched, insightful articles that offer deeper market perspectives. Whether it’s tracking the movement of digital assets or analyzing blockchain transactions, his analytical approach adds value to the content he produces, ensuring readers receive accurate and actionable information. In the realm of content creation, Ash is not limited to just cryptocurrency markets. He has demonstrated versatility in covering other emerging technologies, market trends, and digital transformation across various industries. His in-depth research, coupled with a sharp editorial eye, has made him a sought-after professional in the freelance writing community. From developing editorial calendars to managing content delivery schedules, he has honed a meticulous approach to project management that ensures timely, high-quality work delivery. Throughout his freelance career, Ash has consistently focused on improving audience engagement through well-researched, insightful, and relevant content. His ability to adapt to the evolving needs of clients, whether it's enhancing the visibility of digital platforms or producing thought-provoking pieces for a wide range of audiences, sets him apart as a dynamic force in the field of digital content creation. His contributions have helped to shape a well-rounded portfolio that showcases his versatility, technical expertise, and dedication to elevating the standards of journalism in blockchain and related sectors.

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