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CoinGape 2025-01-13 14:00:53

Breaking: Michael Saylor’s MicroStrategy Buys $243M in Bitcoin, MSTR Stock Falls

MicroStrategy executive chairman and co-founder Michael Saylor on Monday announces buying an additional 2,530 BTC to its ever-growing portfolio. The largest corporate buyer of Bitcoin now holds 450,000 BTC, which it acquired for $28.2 billion. MicroStrategy Acquires Additional 2,530 Bitcoin For $243 Million In a press release on January 13, MicroStrategy announced that it had purchased 2,530 BTC for $243 million at an average price of $$95,972 per bitcoin. Michael Saylor also revealed that it achieved a BTC yield of 0.32% in 2025 year-to-date and 74.3% in the 2024 financial year. As per the US SEC filing, the Bitcoin purchases were made between January 6 and 12 using proceeds from the issuance and sale of Shares under the Sales Agreement. Following its recent Bitcoin purchase, MicroStrategy now holds 450,000 BTC, which it acquired for $28.2 billion at an average price of $62,691 per BTC. Recently, Saylor revealed that MicroStrategy acquired 258,320 BTC for $22.07 billion in 2024. He added that his company achieved a 74.3% BTC yield last year. The company recently acquired 1,070 BTC for $101 million. More Bitcoin purchases are still expected this year, as the company announced plans to raise up to $2 billion for BTC acquisitions. MicroStrategy announced raising $2 billion to acquire more Bitcoin. The software company mentioned that this capital raise would be carried out through one or more public underwritten offerings of perpetual preferred stock. MSTR Stock Falls As Bitcoin Price Crashes Despite MicroStrategy buying 2,530 BTC for $243 million, the MSTR stock price dropped more than 4% to $313.40 in pre-market hours on Monday. The stock rose 7.99% last week after a 19% drop in a month, but traders remain skeptical of further rise amid uncertainty. However, the latest crypto market crash has caused investors to panic sell Bitcoin holdings. BTC price has dropped more than 3% to drop below $91,000. The 24-hour low and high are $90,183 and $95,837, respectively. Moreover, the trading volume increased by 151%. Traders have turned more cautious after stronger-than-expected jobs data indicated a robust United States economy. Concerns over inflationary tariffs under President-elect Donald Trump have also fueled a cautionary outlook. It has given more room for the Federal Reserve to delay further rate cuts this year. The post Breaking: Michael Saylor’s MicroStrategy Buys $243M in Bitcoin, MSTR Stock Falls appeared first on CoinGape .

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