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

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 a powerful 471,107 BTC.

MicroStrategy Not Fazed By Crypto Market Drawdown

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

The corporate’s latest acquisition of 10,107 BTC cost $1.1 billion at a median price of $105,596 per Bitcoin. With this addition, MicroStrategy now holds a complete of 471,107 BTC, valued at roughly $30.4 billion. The typical 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 company treasury asset.

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

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

Along with 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 an organization to pre-register securities – akin to bonds, common stock, preferred stock, warrants, and units – and “shelve” them for up to 3 years. This approach enables the corporate to issue securities at any time during that period without requiring a recent registration for every issuance, providing flexibility to boost capital quickly under favorable market conditions.

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

Rising Crypto Adoption: A Donald Trump Effect?

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

Nevertheless, MicroStrategy may face tax challenges, as a recent report suggests the corporate 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% previously 24 hours.