MicroStrategy, the publicly traded business intelligence firm known for its aggressive Bitcoin accumulation strategy, has crossed a significant milestone. The company now holds over 450,000 Bitcoin, following a recent $243 million investment during a market correction.
MicroStrategy founder and executive chairman Michael Saylor revealed the milestone on Jan. 13 in a post on X (formerly Twitter). According to Saylor, the firm acquired an additional tranche of Bitcoin at an average price of $95,972 per coin, bringing its total holdings to 450,000 BTC. The company’s cumulative Bitcoin investment now stands at $28.2 billion, with an average purchase price of $62,691 per Bitcoin.
MicroStrategy Buying the Dip
The latest purchase occurred during a market correction that began on Jan. 7. Bitcoin’s price dipped below the $100,000 psychological threshold, presenting an opportune moment for strategic buyers like MicroStrategy. Cointelegraph Markets Pro data highlighted the nearly weeklong downturn, which prompted other major market participants to follow suit.
In addition to MicroStrategy, crypto hedge funds have been capitalizing on the dip. This collective buying activity has contributed to a decline in Bitcoin exchange reserves, which hit a near seven-year low on Jan. 13. Analysts suggest that the diminishing supply of Bitcoin on exchanges could trigger a “supply shock,” where strong buyer demand meets a shrinking supply, potentially driving up prices in the near future.
The dwindling availability of Bitcoin on exchanges is often interpreted as a bullish signal, reflecting a trend toward long-term holding among investors. If the trend persists, market analysts believe it could lay the groundwork for the next significant price rally.
