Microstrategy continues to buy another $101 million worth of Bitcoin each week

The software company MicroStrategy will push forward the Bitcoin acquisition process in 2025, today it has collected an orange coin worth more than 100 million dollars.

According to an SEC filing and Monday announcement from company founder and Bitcoin bull Michael Saylor, MicroStrategy spent $101 million buying 1,070 BTC at an average price of $94,004. That's about half the amount of Bitcoin the firm bought last week, which is in line with the weekly buying trend that MicroStrategy began following the election of Donald Trump in November.

MicroStrategy now holds a total of 447,470 Bitcoin. At today's bitcoin price of $101,832, that's a store worth over $45.5 billion. In total, the company bought their coins for an average of $62,503, the announcement said.

Prediction markets were bullish last week that MicroStrategy would buy more Bitcoin today.— and understandably so, as today's acquisition makes nine consecutive weekly acquisitions for Saylor Co.

On Myriad—a points-based prediction market and engagement platform developed by Dastan, the parent company of EditFree Crypto—users of MicroStrategy saw an 86% chance of holding at least 450,000 BTC by the end of this week. Those odds are now up to 20% as of this writing, following the company's announcement of a smaller buyback compared to previous weeks.

Following Trump's victory, on Monday, MicroStrategy announced the purchase of over two billion dollars worth of Bitcoin. He then followed up with another $4.6 billion the next week, and another $5.4 billion the week after that.

Since then, the company has continued to buy more Bitcoin every week, but in recent weeks, as the price of Bitcoin has risen, the amount of units has gradually decreased. In the year In 2020, users of the Polymarket prediction market founded by Shane Coplan currently see only a 2% chance that MicroStrategy will hold more than 500,000 BTC by Trump's inauguration on January 20.

MicroStrategy was previously a software company that sold data analytics solutions to companies. It still does that, but Saylor has rebranded the company as a Bitcoin development company, leading with Bitcoin Treasury.

It all started in 2011. In 2020, Covid-19 lockdowns and record low interest rates could hurt the company's shareholders, Salor said. He decided to buy bitcoin and then argued that the asset – being very limited – was the best way to protect wealth.

Now, MicroStrategy is securing the largest cryptocurrency by market capitalization: Investors who want exposure to Bitcoin can buy shares of companies that trade on the Nasdaq – definitely a safer and more regulated way to invest in crypto.

Now it owns the largest publicly traded cryptocurrency and issues debt to buy Bitcoin: killing investors in the process: MicroStrategy's stock is up 500% year-to-date.

But if the price of Bitcoin tanks, there are concerns about how viable this is: the company is highly leveraged and some analysts now believe that the stock price may be overvalued.

Edited by Stacy Elliott.