Michael Saylor’s Microstrategy Buys Another $1 Billion Worth of Bitcoin

Publicly-traded business intelligence company Microstrategy announced today that it purchased an additional 19,452 bitcoins for approximately $1.03 billion in cash. The purchases were made at an average price of approximately $52,765. Microstrategy’s most recent purchase brings the firm’s haul to an […]

article-image

Via Shutterstock

share

Publicly-traded business intelligence company Microstrategy announced today that it purchased an additional 19,452 bitcoins for approximately $1.03 billion in cash.

The purchases were made at an average price of approximately $52,765. Microstrategy’s most recent purchase brings the firm’s haul to an impressive 90,531 bitcoins which were acquired for an aggregate purchase price of $2.17 billion.

Microstrategy’s buy comes on the back of Square’s announcement yesterday that it bought another $170 million worth of bitcoin, adding to the $50 million buy it made in 2020.

Microstrategy has two core strategies: growing its enterprise software analytics business and acquiring and holding bitcoin. In today’s press release, Microstrategy President and CFO Phong Le said that acquiring bitcoin is helpful to their enterprise business.

“We believe our bitcoin strategy, including our bitcoin holdings and related activities in support of the bitcoin network, is complementary to our software business, by enhancing awareness of our brand and providing opportunities to secure new customers.” 

Tags

Upcoming Events

Javits Center North | 445 11th Ave

Tues - Thurs, March 18 - 20, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

Industry City | Brooklyn, NY

TUES - THURS, JUNE 24 - 26, 2025

Permissionless IV serves as the definitive gathering for crypto’s technical founders, developers, and builders to come together and create the future.If you’re ready to shape the future of crypto, Permissionless IV is where it happens.

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

Unlocked by Template (4).png

Research

Wormhole Settlement allows for a highly scalable liquidity venue to fill user intents into a multichain, multi-VM future. By concentrating solvers’ balance sheets on Solana, transaction costs associated with solvers rebalancing inventory across destinations are eliminated. With the ability to settle bridging, swapping, and arbitrary interactions, without the costs and frictions of fragmenting solver liquidity, Wormhole Settlement has the opportunity to settle a large share of volumes in the crosschain interoperability market with a beneficial framework for both users and solvers. 

article-image

Layer-2 Movement finally launched its mainnet yesterday

article-image

A new report from Dragonfly suggests that US users were geoblocked from billions in potential revenue

article-image

“Micro-advancements” take center stage in plans by Anza

article-image

The vote is in addition to the spending stopgap bill, proposed by House Republicans over the weekend

article-image

Strobe will finish deploying its initial $150M by end of year while raising a second fund

article-image

The hearing comes as the industry continues to quarrel over what stablecoin regulation should look like in the US