The post MicroStrategy Resumes Bitcoin Buying Spree with $749M Purchase appeared on BitcoinEthereumNews.com.

Michael Saylor’s company, now operating as Strategy (formerly MicroStrategy), has expanded its Bitcoin holdings with a fresh purchase. The firm confirmed acquiring 7,633 BTC for $742 million, paying an average price of $97,255 per coin. This latest acquisition pushes its total Bitcoin reserves to 478,740 BTC. MicroStrategy’s Latest Bitcoin Purchase In its latest announcement, Strategy disclosed that its Bitcoin holdings now amount to $31.1 billion, with an average cost basis of $65,033 per BTC. This marks the first Bitcoin purchase since the company transitioned from MicroStrategy to Strategy, a move aimed at reinforcing its Bitcoin-centric focus. The rebrand introduced a new logo featuring a BTC symbol, further highlighting its identity as a Bitcoin treasury company. As part of its Q4 2024 earnings report, Strategy revised its annual Bitcoin yield target, setting a new minimum of 15% for 2025. The company also introduced the “BTC $ Gain KPI,” a new key performance indicator tied to its Bitcoin strategy. $MSTR has acquired 7,633 BTC for ~$742.4 million at ~$97,255 per bitcoin and has achieved BTC Yield of 4.1% YTD 2025. As of 2/09/2025, @Strategy holds 478,740 $BTC acquired for ~$31.1 billion at ~$65,033 per bitcoin. https://t.co/rIftxRX2Zr — Michael Saylor⚡️ (@saylor) February 10, 2025 Additionally, Strategy announced significant progress in its long-term capital plan. Of its $42 billion funding initiative, the company has already deployed $20 billion, well ahead of its initial projections. With capital still available, further Bitcoin purchases may follow in the coming months. Meanwhile, it’s worth noting that BTC price gained significantly after the above-mentioned announcement. As of writing, Bitcoin price stood at $97,710.76, up by 1.80% on Monday, February 10. Also Read: Missouri State Rep. Proposes Major Bitcoin Reserve Bill Source: https://www.cryptonewsz.com/microstrategy-resume-bitcoin-buying-spree-749m/

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Filed under: News - @ February 10, 2025 2:22 pm