BTC
$97,492.10
0.73%
ETH
$2,645.14
0.67%
USDT
$1.0002
0.01%
XRP
$2.4308
1.20%
SOL
$203.28
0.60%
BNB
$604.98
2.72%
USDC
$1.0000
0.00%
DOGE
$0.2507
1.98%
ADA
$0.6967
0.39%
TRX
$0.2370
0.93%
WBTC
$97,247.35
0.78%
LINK
$18.65
0.10%
AVAX
$25.39
1.25%
SUI
$3.1982
2.94%
XLM
$0.3153
3.41%
TON
$3.7867
0.53%
SHIB
$0.0₄1594
1.39%
HBAR
$0.2371
0.86%
LEO
$9.5600
0.45%
LTC
$116.84
9.26%
By James Van Straten|Edited by Sheldon Reback
Feb 10, 2025, 1:00 p.m. UTC
What to know:
Disclaimer: The analyst who wrote this piece owns shares of Strategy (MSTR).
Strategy (MSTR) increased its bitcoin (BTC) holdings to 478,740BTC after last week’s pause with the purchase of $742.4 million worth of the largest cryptocurrency
STORY CONTINUES BELOW
The Tysons Corner, Virginia company formerly known as MicroStrategy bought 7,633BTC in the week ended Feb. 9, Executive Chairman Michael Saylor posted on X. The average purchase price was $97,255 per bitcoin, which raised the overall average purchase price to $65,033
The company didn’t buy any bitcoin in the week ended Feb. 2, most likely because it was observing a blackout period during its earnings week. On Feb. 6, the company reported a fourth-quarter net loss of $3.03 per share, compared with income of $0.50 per share a year earlier.
Saylor teased the purchase announcement once again on Sunday, as he has for the past few months: “Death to the blue lines. Long live the green dots.”
James Van Straten is a Senior Analyst at CoinDesk, specializing in Bitcoin and its interplay with the macroeconomic environment. Previously, James worked as a Research Analyst at Saidler & Co., a Swiss hedge fund, where he developed expertise in on-chain analytics. His work focuses on monitoring flows to analyze Bitcoin’s role within the broader financial system.
In addition to his professional endeavors, James serves as an advisor to Coinsilium, a UK publicly traded company, where he provides guidance on their Bitcoin treasury strategy. He also holds investments in Bitcoin, MicroStrategy (MSTR), and Semler Scientific (SMLR).
Disclosure
CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.
© 2025 CoinDesk
