Monday has arrived again, which is obvious by the latest announcement from MicroStrategy about its new multi-million dollar BTC purchase.
This comes amid an ongoing correction for the largest cryptocurrency, which dumped to a new yearly low of under $91,000 earlier today.
After last week’s more modest purchase of roughly $100 million, the world’s largest corporate bitcoin holder has splashed nearly $250 million this time to acquire 2,530 BTC.
The average price comes at $95,972 per BTC, and the total stash has grown to precisely 450,000 BTC, bought at an average price of $62,691.
The latest acquisition comes at a rather bad time for bitcoin’s price. The cryptocurrency stood close to $96,000 earlier this morning but slumped by over five grand within hours and plunged to its lowest position since November of under $91,000.
MSTR’s price has also taken a hit on a monthly scale, being done by 20% since mid-December. The shares went downhill after the company’s inclusion into the NASDAQ 100.
The post MicroStrategy Confirms $250M Bitcoin Acquisition in Latest Buy appeared first on CryptoPotato.
This comes amid an ongoing correction for the largest cryptocurrency, which dumped to a new yearly low of under $91,000 earlier today.
MicroStrategy has acquired 2,530 BTC for ~$243 million at ~$95,972 per bitcoin and has achieved BTC Yield of 0.32% YTD 2025. As of 1/12/2025, we hodl 450,000 $BTC acquired for ~$28.2 billion at ~$62,691 per bitcoin. $MSTR https://t.co/qONdrIwz7Q
— Michael Saylor(@saylor) January 13, 2025
After last week’s more modest purchase of roughly $100 million, the world’s largest corporate bitcoin holder has splashed nearly $250 million this time to acquire 2,530 BTC.
The average price comes at $95,972 per BTC, and the total stash has grown to precisely 450,000 BTC, bought at an average price of $62,691.
The latest acquisition comes at a rather bad time for bitcoin’s price. The cryptocurrency stood close to $96,000 earlier this morning but slumped by over five grand within hours and plunged to its lowest position since November of under $91,000.
MSTR’s price has also taken a hit on a monthly scale, being done by 20% since mid-December. The shares went downhill after the company’s inclusion into the NASDAQ 100.
The post MicroStrategy Confirms $250M Bitcoin Acquisition in Latest Buy appeared first on CryptoPotato.
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