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MicroStrategy buys 2,530 BTC for $243m

MicroStrategy buys 2,530 BTC for $243m

Between 6 and 12 January, MicroStrategy bought 2,530 BTC for about $243m at an average price of roughly $95,972 per coin. The year-to-date return is 0.32%.

The purchase was funded with proceeds from issuing and selling shares.

As of 13 January, the company holds 450,000 BTC acquired for a total of $28.2bn at an average price of $62,691.

In late December, MicroStrategy founder Michael Saylor proposed a US cryptocurrency policy framework that includes creating a national bitcoin reserve.

In January, CleanSpark became the fourth miner with a bitcoin balance above 10,000 BTC. Rivals MARA Holdings, Riot Platforms and Hut 8 Mining had crossed that threshold earlier.

Later, it emerged that a proposal to allocate part of Meta’s liquid reserves to buying digital gold had been submitted to the board. Similar initiatives had previously come from shareholders of Microsoft and Amazon.

By the end of 2024, only 0.01% of public companies worldwide held bitcoin, according to OKG Research.

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