MicroStrategy Buys 7,633 BTC for $742M as MSTR Stock Rebounds
Key Takeaways:
- MicroStrategy (now Strategy) acquires 7,633 BTC for $742 million, marking its first purchase since rebranding.
- The company now holds 478,740 BTC, valued at $31.1 billion at an average price of $65,033 per BTC.
- MSTR stock rises over 2% following the announcement, continuing its strong performance.
MicroStrategy Expands Bitcoin Holdings Post-Rebrand
MicroStrategy, now rebranded as Strategy, has announced a new Bitcoin purchase, adding 7,633 BTC to its holdings at an average price of $97,255 per BTC. This brings its total Bitcoin reserves to 478,740 BTC, reinforcing its position as the largest publicly traded Bitcoin holder.
This marks the company’s first BTC acquisition since its rebrand, which included a new logo featuring the Bitcoin symbol, reflecting its long-term Bitcoin strategy.
Future Plans & BTC Yield Targets
Alongside its Q4 2024 earnings report, Strategy revised its BTC yield target to at least 15% for 2025 and introduced a BTC $ Gain KPI to track performance.
Additionally, the company is ahead of schedule on its $42 billion capital plan, having already completed $20 billion in funding.
MSTR Stock Rebounds After BTC Purchase
Following the Bitcoin acquisition, MSTR stock climbed over 2%, currently trading around $334, according to Nasdaq data. Year-to-date (YTD), the stock is up over 13%, recovering from last year’s decline.
Meanwhile, Bitcoin price also rebounded, reclaiming the $98,000 support level after dipping to $95,000 last week.
Bitcoin Whales Making Moves
Other major Bitcoin investors are also active:
- Whale Alert data shows 2,500 BTC moved from Kraken to Bitfinex.
- 4,419 BTC was transferred from Kraken to an unknown wallet.
- Another 1,602 BTC was moved between anonymous wallets, signaling strategic asset shifts.
With institutional interest in Bitcoin growing, MicroStrategy’s latest move further solidifies its dominance in corporate BTC holdings. 🚀
