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Cryptocurrency News Articles
MicroStrategy Extends BTC Dominance by Buying Another 13,390 Coins
May 13, 2025 at 07:12 am
MicroStrategy has once again extended its control over the Bitcoin market by buying 13,390 BTC. This happend recently in a major transaction
Key Insights:
* MicroStrategy has further extended its control over the Bitcoin market with the recent purchase of 13,390 BTC.
* This acquisition, which occurred in a major transaction, was valued at $1.34 billion and took place at an average BTC price of $99,856 per coin.
* The latest additions bring MicroStrategy’s total Bitcoin holdings to 568,840 BTC, which the company acquired at an average cost of $69,287 and a total cost basis of $39.41 billion.
* To date in 2025, up to May 11, the firm’s Bitcoin yield had risen to 15.5%.
Record Institutional Inflows Confirm Momentum
The scope of this acquisition can be viewed in light of the broader increase in institutional involvement in Bitcoin and digital currencies.
The latest Digital Asset Fund Flows report by CoinShares reveals that last week brought in $882 million of inflows into crypto investment products. This extends a run of positive flows for four weeks. As a result of these latest inflows, the annual total is now $6.72 billion.
Last week, Bitcoin received $867 million in inflows, thus reinforcing its primacy and appeal with institutional investors. Between January and the current date, U.S.-listed Bitcoin ETFs have collectively attracted $62.9 billion. The data breaks the record of $61.6 billion previously set earlier in February.
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Disclaimer:info@kdj.com
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