MicroStrategy ends weekly bitcoin buying streak, keeps total holdings at 471,107 BTC
2025-02-03
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Business intelligence firm and corporate bitcoin holder MicroStrategy has ended its latest bitcoin buying streak after twelve consecutive weeks of acquisitions.
The firm did not sell any shares of class A common stock under its at-the-market equity offering program, and did not purchase any bitcoin between Jan. 27 and Feb. 2, according to an 8-K filing with the Securities and Exchange Commission on Monday.
The company's total bitcoin holdings stand at 471,107 BTC, worth over $44 billion. MicroStrategy’s total holdings were bought at an average price of $64,511 per bitcoin, a total cost of around $30.4 billion, including fees and expenses, according to the company's co-founder and executive chairman, Michael Saylor. To put that in perspective, MicroStrategy holds more than 2.2% of bitcoin’s total 21 million supply.
As of Jan. 26, the company said it had approximately $4.35 billion billion worth of shares that remained available for sale as part of its “21/21 plan” targeting a total capital raise of $42 billion in equity offerings and fixed-income securities for bitcoin acquisitions.
On Friday, MicroStrategy also saw strong demand for its additional preferred stock plan, raising $563.4 million to fuel more bitcoin purchases. Despite the recent Trump tariff-fueled sell off, Mizuho Securities believes the price of bitcoin has room to run another 30% in the next three years, rating MicroStrategy as outperform with a price target of $511 as it is on an “accelerated track” to exceed its capital raise targets.
$20 billion acquisition streak
MicroStrategy's latest announcement ends a 12-week streak of acquisitions following news last Monday that it had purchased another 10,107 BTC for roughly $1.1 billion in cash at an average estimated price of $105,596 per coin and $1.1 billion worth of bitcoin the week before.
MicroStrategy has acquired around $20 billion worth of bitcoin over the past few months alone, and its $84.1 billion market cap trades at a significant premium to its bitcoin net asset value, with some investors airing reservations about the firm's premium to NAV valuation and its equity and debt-funded bitcoin acquisition program in general.
MicroStrategy shares closed down 1.6% at $334.79 on Friday, having gained more than 567% over the past year, according to TradingView. MSTR is currently trading down 7.3% in pre-market trading on Monday.
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