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The world\u2019s largest corporate holder of BTC has paused its months-long acquisition spree of the biggest cryptocurrency that started immediately after the US elections in November 2024.<\/p>\n
Within this time, the company broke the record for the single largest purchase of BTC and strengthened its presence in the Bitcoin ecosystem by nearly doubling its holdings.<\/p>\n
The US presidential elections held in early November last year changed the complexity of the crypto game, especially for investors based in the States. MicroStrategy, which had already become a household name associated with BTC, was among those that intensified its accumulations starting on November 11 \u2013 the first Monday after the voting.<\/p>\n
After highlighting<\/a> plans to raise over $40 billion within the next decade in late October, the NASDAQ-listed firm began acquiring large portions of BTC and made the announcements on the first business day of the following week.<\/p>\n On November 11, the company announced<\/a> a massive purchase of 27,200 BTC (valued at just over $2 billion at the time), which sent<\/a> its stock prices to new peaks. Aside from price movements, MSTR became a highly-tradable stock in the US market and entered<\/a> the so-called (by Michael Saylor) \u2018Magnificent 8\u2019 \u2013 a group of the biggest and most recognizable American companies.<\/p>\n After breaking its own record once again in mid-November at over $470 per share, MSTR actually started to retrace and plunged below $290 at the end of December. Despite bouncing off alongside the crypto market in mid-January, it failed to reach uncharted territory and closed on Friday at $335. Its price is expected to drop today when the markets open due to the overall crash.<\/p>\n Nevertheless, this volatility didn\u2019t deter the company from raising<\/a> more money and accumulating additional BTC. In fact, its streak continued for 12 consecutive weeks. The biggest single acquisition came on November 18 and was worth $4.6 billion at the time. It allowed MicroStrategy to purchase 51,780 BTC.<\/p>\n Crypto Twitter became accustomed to Saylor\u2019s announcements on Monday (or Tuesday in one instance) about the large BTC purchases. This week, though, he made a different statement, saying his company didn\u2019t sell any shares of class A common stock and did not buy any bitcoin.<\/p>\n Thus, its holdings remain unchanged at 471,107 BTC, purchased for $30.4 billion at an average price of $64,511.<\/p>\n Last week, MicroStrategy did not sell any shares of class A common stock under its at-the-market equity offering program, and did not purchase any bitcoin. As of 2\/2\/2025, we hodl 471,107 $BTC<\/a> acquired for ~$30.4 billion at ~$64,511 per bitcoin. $MSTR<\/a> https:\/\/t.co\/QTBWl8KlNv<\/a><\/p>\n \u2014 Michael Saylor\u26a1\ufe0f (@saylor) February 3, 2025<\/a><\/p>\n<\/blockquote>\n It\u2019s worth noting that MicroStrategy held 244,800 BTC in September, which means that it nearly doubled its stash within the past several months. Its pause now comes at a rather intriguing time, as bitcoin\u2019s price tumbled<\/a> during the weekend and on Monday by over $15,000 since Friday.<\/p>\n LIMITED OFFER for CryptoPotato readers at Bybit: Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/p>\n<\/div>\n<\/div>\n <\/p><\/div>\nHolding Over 470K BTC<\/h2>\n
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