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bitcoin

MicroStrategy Buys 2,530 Bitcoin Amid Crypto Market Pullback – Will BTC Recover?

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

As Bitcoin (BTC) retests the $90,000 price level after tumbling almost 9% in the past week, institutional investors and corporations are seizing the pullback as an opportunity to increase their BTC reserves. Business intelligence firm MicroStrategy is one such entity, having purchased 2,530 BTC during the ongoing market downturn.

MicroStrategy Buys The Bitcoin Dip

Undeterred by the crypto market’s decline, MicroStrategy has added more BTC to its holdings for the 10th consecutive week. According to an announcement by the firm’s CEO, Michael Saylor, MicroStrategy acquired an additional 2,530 BTC for $243 million at an average price of $95,972, inclusive of fees and other expenses.

Related Reading: MicroStrategy Keeps Stacking Bitcoin, Adds 2,138 BTC In Latest Purchase

The latest purchase brings MicroStrategy’s total Bitcoin holdings to over 450,000 BTC, acquired for a cumulative $28.2 billion at an average price of $62,691 per BTC. Saylor also revealed that on a year-to-date (YTD) basis, MicroStrategy achieved a BTC yield of 0.32%.

For the uninitiated, BTC Yield is a key-performance indicator (KPI) that is used to assess the strategy used to acquire Bitcoin. In MicroStrategy’s context, the firm financed its BTC purchase by issuing additional shares of its common stock.

Between January 1 and January 12, MicroStrategy sold 710,245 shares, raising approximately $243 million. These proceeds funded the Bitcoin purchase, propelling the company’s BTC holdings to a new all-time high (ATH).

Despite this strategic acquisition, MicroStrategy’s stock price did not see a positive impact. At the time of writing, MSTR is trading at $312.16, down 4.8% on the day. However, MSTR is up an impressive 540% over the past year, reflecting its strong correlation with Bitcoin’s price trajectory in 2024.

MSTR stock
Source: Yahoo! Finance

Alongside MicroStrategy, medical healthcare manufacturing firm Semler Scientific announced its purchase of 237 BTC for $23.3 million – bought between December 16 and January 10 – at an average price of $98,267. 

Semler Scientific now holds 2,321 BTC, acquired for a total of $191.9 million at an average price of $82,687 per BTC. The company financed its latest BTC purchase through proceeds from its at-the-market (ATM) offering and operating cash flow.

It should be recalled that Semler Scientific started its BTC acquisition journey in May 2024 when it added 581 BTC to its balance sheet. In December 2024, the company scooped an additional 303 BTC to increase its cryptocurrency reserves.

Will BTC Recover From Price Slump?

After hitting a new ATH of $108,135 on December 17, BTC has been stuck in the $90,000 to $100,000 price range. The recent crypto market pullback has pushed Bitcoin to the lower end of this range, with the potential for a breakdown to $84,000 if the $90,000 support level fails to hold.

Related Reading: Bitcoin Adoption By Nation-States, Government Treasuries To Spur Crypto Expansion In 2025: Fidelity

While the purchases by MicroStrategy and Semler Scientific demonstrate corporate confidence in Bitcoin, crypto entrepreneur Arthur Hayes cautioned that further corrections could occur ahead of U.S. President-elect Donald Trump’s inauguration on January 20.

Nevertheless, some analysts remain optimistic. Recent Elliott Wave analysis suggests that after the current correction, BTC could climb as high as $210,000. At press time, BTC is trading at $92,277, down 3% in the past 24 hours.

bitcoin
BTC trades at $92,277 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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