MicroStrategy goes on another bitcoin buying spree
MicroStrategy welcomes the new year with more bitcoin, and more companies are following in its path.
It’s off to the races for MicroStrategy, which announced a capital plan on bitcoin’s 16th birthday to raise up to $2 billion through “one or more public underwritten offerings of perpetual preferred stock” to buy more bitcoin, a press release said.
The uber stockpiler holds 447,470 bitcoin, achieving “BTC Yield of 48.0% in Q4 2024 and 74.3% in FY 2024,” CEO Michael Saylor posted on X.
MicroStrategy has acquired 1,070 BTC for ~$101 million at ~$94,004 per bitcoin and has achieved BTC Yield of 48.0% in Q4 2024 and 74.3% in FY 2024. As of 01/05/2025, we hodl 447,470 $BTC acquired for ~$27.97 billion at ~$62,503 per bitcoin. $MSTR https://t.co/CkLrLSkB5M
— Michael Saylor⚡️ (@saylor) January 6, 2025
Other companies are following Saylor’s lead, most recently Japan’s Metaplanet, which announced plans “to expand its bitcoin holdings to 10,000” yesterday.
Happy New Year to Our Valued Shareholders! As we step into 2025, I couldn’t be more excited about what lies ahead for Metaplanet. Last year was transformational, as we broke records, expanded our Bitcoin treasury, and reinforced our position as Asia’s leading Bitcoin Treasury… pic.twitter.com/K2HsOS8TaZ
— Simon Gerovich (@gerovich) January 5, 2025
As of December 23, Metaplanet held 1,761.98 bitcoin.
Not wanting to miss out, bitcoin-mining companies like MARA Holdings and Hut 8 are aggressively adding to their stockpiles. MARA now holds 44,893 bitcoin and Hut 8 bought 990 bitcoin in December, bringing its total to 10,096.
Meanwhile, Riot Platforms announced today that it massively increased its bitcoin stash through both mining and purchase to 17,722 bitcoin, more than double what it held in December 2023.
