MicroStrategy Buys 1,070 BTC for $101 Million, Boosting Its Bitcoin Reserves to 447,470 BTC

Michael Saylor announced via X that MicroStrategy has just boosted its BTC reserves with a new purchase. Meanwhile, BTC is back on track to $100,000

Key Points

* MicroStrategy (NASDAQ:MSTR) Chairman Michael Saylor announced via X on Friday that the firm has just purchased more BTC.

* The firm bought 1,070 more Bitcoins for approximately $101 million at an average price of about $94,000 per coin.

* As of January 5, MicroStrategy had 447,470 BTC acquired for about $27.97 billion at an average price of about $62,500 per coin. Its reserves are now worth about $44.3 billion at current prices.

* achieved a BTC yield of 48% in Q4 2024, and 74.3% in FY 2024, according to Saylor’s notes.

* Bitcoin is back on track to $100,000 as the flagship cryptocurrency’s price is getting support from optimism and global adoption.

* At the moment of writing this article, BTC is trading above $99,000, up by over 1% in the past 24 hours.

* Among the latest bullish factors that are keeping BTC afloat at five-digits is a new report by the US Treasury Department, where it calls Bitcoin, “digital gold.”

* The notes also mention that the crypto market cap is relatively low compared to other financial and real assets, but the use cases of crypto continue to evolve.

* The report by the US Treasury Department also highlighted the following areas of interest:

* Upcoming FOMC Meeting

* Previous predictions from economists at JPMorgan (NYSE:JPM) and Deutsche Bank (ETR:DEUT) foresee two rate cuts by the US Federal Reserve in 2025. However, the economists at Point72 believe that the US central bank will keep rates at the current level throughout 2025.

* Economists polled by Dow Jones also predict that the Fed will keep rates in the 5.00-5.25% range at the upcoming FOMC meeting on January 30. Their forecasts also include a slight downward revision to the fourth-quarter GDP growth to 2.3%.

* According to the latest data from the American Rescue Plan, around 70% of the $1.5 trillion in unclaimed benefits are in the form of small-dollar amounts.

* Among the programs covered by the Plan are the Additional Child Tax Credit payments, which delivered an average of $4,000 to families with two children in 2021.