MicroStrategy Bought the Dip, Acquiring Another $1.1 Billion Worth of Bitcoin

Between Jan. 21 and Sunday, MicroStrategy acquired around 10,107 Bitcoins for $1.1 billion in cash, or roughly $105,596 per Bitcoin, the company said.

MicroStrategy (MSTR) announced Monday that it has purchased an additional 10,107 Bitcoins for $1.1 billion in cash, bringing its total Bitcoin holdings to 471,107.

The company said it acquired the Bitcoins at an average price of about $105,596 each. It now owns around 471,107 Bitcoins, acquired for $30.4 billion.

MicroStrategy also announced that it intends to offer, in a public offering, 2.5 million shares of its “perpetual strike preferred stock.” The net proceeds from the offering will go toward “generate corporate purposes” including working capital and the acquisition of more Bitcoin.

The company was founded in 1989 and was once primarily an enterprise software company. It has been buying the digital currency since 2020 and now brands itself “the world’s first and largest Bitcoin treasury company.”

“We are a publicly traded company that has adopted Bitcoin as our primary treasury reserve asset,” the company wrote in its latest press release. “By using proceeds from equity and debt financings, as well as cash flows from our operations, we strategically accumulate Bitcoin and advocate for its role as digital capital.”

MicroStrategy stock declined last week after President Donald Trump didn’t immediately spell out his plans for cryptocurrencies, despite promising a strategic Bitcoin reserve and less stringent regulations while on the campaign trail. Some details emerged Thursday in the form of an executive order, though the mandate fell short of establishing any sort of reserve.

Shares of MicroStrategy fell 6% to $332.50 on Monday as part of a broad selloff in tech stocks. The sector was reeling after a chatbot created by DeepSeek, a Chinese artificial intelligence start-up, became the most-downloaded free app in Apple (AAPL)’s App Store, sparking concerns about competition in the AI market.

MicroStrategy’s latest prior Bitcoin purchases came earlier this month. The company acquired 11,000 Bitcoins for $1.1 billion between Jan. 13 and Jan. 20.