MicroStrategy continued its Bitcoin buying spree just a day after Donald Trump was sworn in as the 47th U.S. President.
The Tysons Corner-based firm added another 11,000 Bitcoin (BTC) for $1.1 billion, according to a disclosure document shared by executive chair and BTC advocate Michael Saylor on Tuesday, Jan. 21.
MicroStrategy acquired its latest stash at an average price of $101,191, marking its first BTC purchase in the new Donald Trump era. At press time, the dotcom-era software developer held a total of 461,000 BTC, acquired for roughly $29.3 billion.
The companyโs Bitcoin trove was valued at a staggering $48 billion as BTC traded at $105,044, down 2% on the day and nearly 4% below its all-time high of $108,786 reached on inauguration day.
As Saylor has repeatedly stated, MicroStrategy, the worldโs largest publicly traded BTC holder, plans to acquire significantly more Bitcoin by 2028.
Saylorโs ambitious โ21/21โ roadmap aims to balloon the corporationโs BTC holdings to a valuation exceeding $100 billion, even at current prices. Notably, MicroStrategy isnโt the only company adopting this aggressive Bitcoin accumulation strategy.
Bitcoin miners like Marathon Digital and Riot Platforms have also implemented Saylorโs approach to expand their BTC holdings. Similarly, publicly traded companies like KURL and offshore entities such as Genius Group have added Bitcoin to their balance sheets.
Even a platform endorsed by President Trump executed large Bitcoin purchases as nationwide adoption looms under the new administration. World Liberty Financial, backed by Trump and his sons, bought $47 million worth of Wrapped Bitcoin (WBTC) shortly before Trump took oath.
