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Cryptocurrency News Articles

MicroStrategy Hodls 450,000 Bitcoins After Buying the Dip

Jan 14, 2025 at 01:40 am

MicroStrategy Hodls 450,000 Bitcoins After Buying the Dip

MicroStrategy has acquired an additional 2,530 Bitcoin for an aggregate purchase price of $243 million, an average price of $95,972 per bitcoin.

This brings MicroStrategy’s total Bitcoin holdings to 450,000 bitcoins, acquired for a total cost of $28.2 billion, an average price of $62,691 per bitcoin, as of 1/12/2025.

To provide context, this recent purchase was made during a market dip, with Bitcoin trading at around $96,000 at the time of the purchase.

This aligns with a broader trend of hedge funds increasing their Bitcoin holdings during the price correction, with BTC exchange reserves hitting a near seven-year low on Friday, January 13th.

Original source:btctimes

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