Powered by
News Bytes

Saylor’s Bitcoin Empire Grows: $101M Purchase Adds 1,070 BTC to Vault

This article was published more than a year ago. Some information may no longer be current.

On Mon., Jan. 6, 2025, business intelligence firm Microstrategy unveiled its latest acquisition: 1,070 BTC for approximately $101 million. This purchase elevates the company’s holdings to a monumental 447,470 BTC. Michael Saylor, Microstrategy’s founder, had hinted at the move the previous afternoon, cryptically noting, “Something about Saylortracker.com is not right.” Saylor has made a habit of dropping these enigmatic clues shortly before officially disclosing acquisitions. The newly acquired bitcoin was purchased at an average price of $94,004 per BTC. Notably, Microstrategy achieved a BTC yield of 48.0% in the fourth quarter of 2024 and 74.3% for the full fiscal year.

WRITTEN BY
SHARE
Saylor’s Bitcoin Empire Grows: $101M Purchase Adds 1,070 BTC to Vault