Corporate investors step up their Bitcoin holdings amid falling prices
Date: 2025-01-14 Author: Oliver Abernathy Categories: CRYPTO PAYMENTS
MicroStrategy CEO Michael Saylor shared the news via social media and confirmed the information in documents filed with the US Securities and Exchange Commission. The purchase was made between January 6 and January 12, 2025.
The company's assets currently include 450,000 bitcoins worth $40 billion at an average price of $62,691 per coin. Despite the fact that the BTC rate temporarily dropped to $80,000, MicroStrategy's portfolio remains profitable.
However, MicroStrategy is not the only company taking advantage of the fall in the rate. Nasdaq-listed Semler Scientific announced the acquisition of 237 BTC worth $23.3 million at an average price of $98,267. Cryptocurrency hedge funds have also shown interest in Bitcoin, indicating strong corporate investor interest.
This activity has led to a noticeable decrease in Bitcoin reserves on crypto exchanges. As of January 13, BTC reserves on trading platforms reached their lowest levels in the last seven years, highlighting the strong demand from large holders.
